Monday, May 11, 2009

Global Hoteliers Look to China, India and The Middle East for Growth

As the recession bites, global hoteliers are looking to the east's underserved leisure markets. It will take time because of barriers to entry. For most, this target for now takes up only a small fraction of overall business.
China, the world's fastest-growing economy, is expected to expand 6.5 percent this year, according to the International Monetary Fund. That's a slowdown from 9 percent growth last year but way ahead of the 2.8 percent contraction forecast for the United States in 2009.
Find out what U.S. based Marriott, Starwood, Intercontinental Hotels and France-based Accor are doing to go after a slice of the global pie -- here.

No comments: