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Budget Hotels to Make Up 50% of Hospitality Industry Within 30 Years, Says Hanting's Ji
By JIN YINGUANG
Published: May 13, 2010 05:49 PM
China's budget hotels contribute just 1% to the overall revenue of the hospitality market and the percentage will surge to 50% 30 years from now, said Hanting Inns & Hotels CEO Ji Qi. "Within 30 years, [China's] budget hotel market will be dominated by five big companies plus some other 10,000 smaller ones," argued Ji. "The ...
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