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Press: China's budget hotels are booming

Online Stock Market Trading China's hotel operators plan to provide more low-cost accommodation to meet demands of a growing economy and more business travellers, the South China Morning Post reported, citing a budget hotel executive.

The hotel also has direct access to all buses and subways and is a short train ride to Ground Zero, Carnegie Hall, Chinatown and Wall Street.

Stock Investing Course While overseas hospitality groups such as France's Accor are expanding their reach from the coastal areas to the inland cities, domestic operators such as Home Inns, Jinjiang Inn and Motel 168 are either listing their shares on overseas stock markets or recruiting foreign strategic investors, the Hong Kong newspaper reported.

These days it the clubbers who have taken over the streets of the Sa Penya district with booming bars, stop display of flesh.

Stock Market Game "China's economy is undergoing rapid development, and we foresee strong demand for budget accommodation among local business travellers," the newspaper cited Zhang Shangzhi, a general delegate of Accor China and chief executive of the company's budget chain, Ibis, as saying.

Princes Street, The Royal Mile, Edinburgh Castle, Haymarket, Princes Street Gardens A modern, well designed hotel in a central location in the heart of Edinburgh's West End; close to Murrayfield and also the shops, bars and restaurants of Princes Street. The bedrooms are very contemporary in style and offer a high level of comfort in a pleasant environment with individual art on the walls, DVD players. The hotels bar and restaurant is a cosy, welcoming and informal area to escape to after hitting the sights, sounds and shops that Edinburgh has to offer.

Stock Investing Game The China National Tourism Administration said 1.2 bln Chinese travelled within the country last year, up from 1.1 bln in 2004, according to the report.

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Journal Prime Rate Street Wall Zhang said Accor had signed up agreements to develop 30 budget hotels in cities including Shanghai, Xian and Chongqing, with total investment of 100 mln usd.

We left cruise ship and went directly to hotel. 10 pm before getting room. The hotel room was too hot, no air conditioning. Room faced street so we coluld not leave door open for cool air due to the noise. Room floors & walls where marble and made too much noise in next door rooms when walking (hi heels )across room. Never go back!!

Stock Market News "Our target is to open 100 budget hotels in the next five or six years," he said.

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