Western hotel chains build on China's change (Agencies) Updated: 2005-06-27 16:57 U.S. and other Western hotel
companies are expanding rapidly in China, as the country emerges as an economic
superpower and prepares for the 2008 Olympics.
Working with local developers, Marriott, Hyatt, St. Regis and Ritz-Carlton
are some of the five-star U.S. brands pouring billions into the country.
Hotels executives say rooms in upscale hotels in Beijing and Shanghai can
fetch prices rivaling those found in large U.S. cities.
Midprice hotels, such as Holiday Inn and Days Inn, are also proliferating.
Starwood is building 16 hotels in the country, more than in any other country
outside the USA.
Marriott, Hyatt, Carlson and U.K.-based InterContinental Hotels are also
building more hotels in China than in any other foreign country.
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