150 million foreign visitors are checking into China’s budget hotels
A manager at an ibis hotel in Zhangjiajie says that going to work these days feels a little like “walking into the United Nations.”
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Luxury Hotels Lose Their Luster in China as Buyers Hold Off Amid Economic Slowdown
Luxury hotels in China, once prized assets, are struggling to attract buyers as economic growth slows. Their steep price tags and high running costs mean than many stay on the market for a long time and those that do sell, often do so at a heavily…
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