Word: hotelling
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...residence on the top floors. But it's a testament to the rising prominence of one of China's hottest industries that the top five floors of the building will, in fact, be occupied by the lobby of a Park Hyatt that promises to be Beijing's snazziest hotel...
...Heady projections about the future of China's travel industry also help to explain this frenzy of hotel building. Already the world's fourth most popular tourist destination, the country is expected to move into second position within a decade, according to the World Tourism Association. By 2020, China is forecast to overtake the U.S. as the world's most-visited country, pulling in some 130 million visitors a year. China's burgeoning domestic-tourism market is also critical in the bullish calculations of hotel companies. By 2010, the number of domestic tourists is forecast to soar from 1.2 billion...
...secondary cities now being targeted?metropolises like Hefei, Harbin and Chengdu. But early movers such as InterContinental hope to reap the benefits of choice locations and greater brand awareness by getting there first. Eric Wong, a property-sector analyst for UBS Hong Kong, observes: "If I'm a big hotel company, the question is, should I wait ten years to plant my flag in China now? The big chains have all decided, and are in the midst of a flag-planting race...
...exclusive segments of the market are already getting crowded. The Hilton, Marriott and Hyatt chains all have plans for big pushes within the "economy" segment of the industry, defined as three stars and below, importing brands such as Marriott Courtyard and Hilton Garden Inns from the U.S. Several Chinese hotel companies, notably the Jinjiang Group, are chasing after the same market, intensifying the sense of urgency. "It's amazing how fast things move in China," says Brian Deeson, head of China operations for the French lodging group Accor, which has four Ibis Hotels on the mainland and plans to have...
...have social anxiety. How does that work when you sing in front of crowds every night? I spend most of my day holed up in my hotel room, in silence, boring myself to death. Everybody else [on the tour] comes back, and they've got bags of s___ that they've bought, and they've gone to museums. I haven't gone out, and I feel like such a dud. But I really have to starve myself of people. I have to get myself into a calm trance and then I'm just--pow!--out the door and happy...