Bloomberg BusinessWeek, Nov 25, 2011

choi

(1) Bonnie Cao, In China, There's Too Much Room at the Inn; After a building boom, hotel vacancy rates are soaring. Bloomberg BusinessWeek, Nov 25, 2011 (cover date).
http://www.businessweek.com/maga ... es+&+industries

Quote: "The city’s hotel occupancy rate stood at 54.4 percent for the first nine months this year, down from 64.4 percent a year earlier when the city hosted the World Expo, says consultant STR Global. * * * By comparison, more than 80 percent of rooms were filled in Singapore and Hong Kong. Similar overcapacity is a problem across China, with a national hotel occupancy rate of 61 percent through September, the lowest in Asia, except India, among 15 countries tracked by STR Global.

"China [] last year overtook Spain to become the world’s third-most-visited travel destination after France and the US, according to United Nations World Tourism Organization data. The number of internationally branded hotel rooms in China is expected to surge 52 percent by 2013, after rising 62 percent in the past five years, according to Jones Lang LaSalle Hotels (JLL), which tracks data in 30 Chinese cities.

Note:
(a) Andaz
http://en.wikipedia.org/wiki/Andaz
(an Hindustani word (both Hindi and Urdu) word meaning style; Andaz, a hotel brand by Hyatt [since 2007])
(b) UNWTO Tourism Highlights 2011 Edition. United Nations World Tourism Organization, undated, at pages 5-6
http://mkt.unwto.org/sites/all/f ... hlights11enlr_1.pdf
("The most significant change among the top ten by international arrivals in 2010 was the rise fo China to the third position, ousting Spain, having overtaken both the United Kingdon and Italy during the past few years. In terms of receipts, China (+15%) also moved up the ranking to fourth position, overtaking Italy (+1%).")
(c) Based in Hong Kong, Sun Hung Kai Properties was founded in 1963 by KWOK Tak Seng.

(2) Dexter Roberts and Jasmine Zhao, China's Super-Rich Buy a Better Life Abroad. Bloomberg BusinessWeek, Nov 25, 2011 (cover date).
http://www.businessweek.com/maga ... channel_top+stories

My comment:
(a) Please only
(i) read paragraphs 1, 5 (on web page 1) and the second and third paragraphs from the end (on web page 2),
(ii) as well view the graphic (an icon of a PRC passport with caption: "Popular Emigration Options for the Wealthy")
(b) LI Weijie
(c) Well Trend United