HVS, BISU and BHI Host 5th China Hotel Investment Summit in April 2009
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HVS, BISU and BHI Host 5th China Hotel Investment Summit in April 2009
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Category: Asia Pacific - China
This is a press release selected by our editorial committee and published online for free on 2008-12-12
FOCUS ON CHINA – ASIA’S POWERHOUSE
As the largest and most established hotel investment summit held in mainland China, the upcoming 5th annual China Hotel Investment Summit (CHIS) 2009 promises an insightful experience for participants. The Summit will be held at the Grand Hyatt Shanghai from 22 to 24 April 2009.
“China provides the long term growth market for many domestic, regional and global firms. The current global economic uncertainties have presented both challenges and opportunities. Keeping abreast with the latest events and market trends, and how these changes could shape your businesses going forward, is of primary importance. Networking, and sharing of best practices, will help us better prepared to navigate through challenging situations and realizing new opportunities”, says David Ling, Managing Director of HVS Asia Pacific.
Investments in China’s hotel and travel-related industries are among the highest in the world. This is driven by phenomenal growth in the country’s travel and tourism sectors. Over the past five years, domestic visitor arrivals grew 85% to 16.1 billion visitors by 2007; the international arrivals increased 43% reaching 132 million visitors, and gross tourism revenue reaching 1,080 billion yuan. This has fuelled rising demand in related industries including hotel and serviced residential lodging, air and land transportation, construction, professional services, tourism, retail, and so forth. While growth in the near-term could be moderated, the long-term outlook is promising, considering the country’s economic fundamentals and growing affluence.
Professor Dai Bin, Vice President of China Tourism Academy and President of Beijing Hospitality Institute, added that “the determination of the Chinese government in ensuring the continued growth in the economy is reflected in the 4 trillion yuan (approximately US$570 billion) stimulus package announced on 9 November 2008. The fund will finance a wide range of projects, including the country’s infrastructure, which could incite consumer spending and bolster the economy especially in tourism market and hotel investment”.
To network and explore new ideas and opportunities in the vast market of 1.3 billion people, please visit: chinahotelsummit.com for registration, exhibit and sponsorship information.
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