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Search results for “corruption”
Five-star hotels in Beijing downgrading in response to anti-corruption crackdown
10/12/2014
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3:47:36 PM
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Gloomy market conditions and the Chinese government crackdown on corruption has caused both a drop in prices for luxury hotels and the relinquishing of the hotel’s “Five-Star” rating to comply with state regulations for conference venues.
Mainland Chinese are now traveling farther than Great China
08/19/2016
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5:53:14 PM
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Chinese tourist arrivals to destinations beyond Greater China regions (53.3% of the total) exceeded those to the regions in Q2 2016 for the first time.
Hotel room glut drives down room rate and revenue in China
08/03/2016
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10:01:40 AM
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Hotel chains over-expansion has caused four in ten hotel rooms in China staying empty and is driving down room rate and RevPAR.
China Lodging Group dodges purge on extravagance
08/01/2016
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4:16:40 PM
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The Shanghai-based hotel operator has risen 23% to USD 38.43 so far this year.
Tourists are helping Macau’s casinos bounce back
07/05/2016
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5:31:21 PM
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Gross gaming revenue in Macau fell 8.5 percent to 15.9 billion patacas ($2 billion). Macau’s casino operators have been shifting focus to tourists and recreational gamblers, with Wynn Macau Ltd.’s Wynn Palace project scheduled to debut August 22 and Sands China Ltd.’s Parisian expected to open September.
Hong Kong ranks second most appealing luxury destination worldwide
06/13/2016
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3:33:17 PM
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Hong Kong is the world's second most appealing luxury retail destination after London, according to a new report from real estate consultant JLL.
BTG Hotels annual profit drops 4.66% in 2014
04/02/2015
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10:25:25 AM
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BTG Hotels’ annual revenue and net profit fell last year, at 5.87% and 4.66% respectively to RMB2.791 billion and RMB112 million.
Five-star hotels no longer sanctioned to host state conferences
03/24/2015
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9:38:25 AM
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Five-star hotels and other luxury facilities have been excluded in Beijing’s sanctioned government procurement list of 318 conference venues in the city.
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