www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Top Biz News

Home Inns sees Expo boosting Shanghai room rates

(Agencies)
Updated: 2010-03-10 16:43
Large Medium Small

Home Inns & Hotels Management Inc, China's second-biggest budget hotel operator, said this year's World Expo in Shanghai will boost room rates by as much as 20 percent, and it's adding up to 200 hotels nationwide.

"We're positive about demand during the Expo," David Sun, 46, chief executive officer of Home Inns, said in an interview at the company's headquarters. "We may see full occupancy at our hotels in Shanghai" during the fair.

Nasdaq-listed Home Inns has 61 hotels in the eastern Chinese city, which plays host to the World Expo May 1 to Oct 31. A total of 192 countries, including the UK, France and Japan, and 50 international organizations will participate, and organizers are expecting 70 million visitors, according to the Expo's website.

The company expects to add between 180 and 200 hotels this year, according to Sun. That's up from 145 new hotels last year, when the slowing economy forced the company to miss its forecast of more than 200 hotels, said Sun, who joined Home Inns as CEO in December 2004 from B&Q (China) Ltd, a unit of London-based Kingfisher Plc.

Home Inns' shares have declined 8.7 percent this year in US trading, compared with a 1.6 percent gain in the USX China Index, which tracks US companies that derive a majority of their sales from China.

The company had 616 hotels in operation in 120 cities in China at the end of last year. The price for a standard room ranged between 169 yuan and 299 yuan ($25-$44) in different cities, he said.

Travel Demand

At the depths of the economic crisis, China's expansion slowed to 6.1 percent in the first quarter of 2009 compared with the year earlier, its lowest level in a decade. Growth rebounded to 10.7 percent in the fourth quarter, the fastest pace since 2007, on government stimulus measures and record bank lending.

Related readings:
Home Inns sees Expo boosting Shanghai room rates Budget hotels set for big expansion
Home Inns sees Expo boosting Shanghai room rates 7 Days Inn vows to occupy top place
Home Inns sees Expo boosting Shanghai room rates Expo preparations in final stages
Home Inns sees Expo boosting Shanghai room rates China building world's largest high-speed rail network

Home Inns' 2009 profit rose to 256 million yuan from 101.2 million yuan from the previous year. Fourth-quarter profit dropped 40 percent to 68.4 million yuan from a year earlier.

The company is the second-largest China-based hotel operator by sales after Shanghai Jin Jiang International Hotels (Group) Co.

Sun said he expects the development of high-speed rail services and rising incomes to boost travel demand.

High-speed railways will connect all of China's provincial capitals and cities with more than 500,000 citizens by 2020, serving more than 90 percent of the population, the Ministry of Railways said.

"High-speed rail will revolutionize domestic travel and we're seeing bright opportunities," he said.

主站蜘蛛池模板: 国产三级a三级三级天天 | 色三级大全高清视频在线观看 | 成人黄色一级视频 | 欧美视频在线观看一区二区 | 男人在线天堂 | 免费高清一级欧美片在线观看 | 免费被黄网站在观看 | 上海一级毛片 | 暖暖免费高清日本一区二区三区 | 色综合色狠狠天天久久婷婷基地 | 久久综合中文字幕一区二区 | 国产资源精品一区二区免费 | 久久精品8 | 在线欧美视频 | 一 级 黄 色 片生活片 | 国产黄色三级三级三级 | 国产20岁美女一级毛片 | 欧美日韩另类国产 | 国产伦精品一区二区三区 | 国产91成人精品亚洲精品 | 色香欲综合成人免费视频 | 日韩在线成人 | 99久久综合国产精品免费 | yp国产在线观看 | 免费韩国一级毛片 | 久久ri精品高清一区二区三区 | 国产成人精品亚洲2020 | 国产91精品露脸国语对白 | 成年人在线视频网站 | 香蕉97碰碰视频免费 | 国产精品露脸脏话对白 | 欧美激情一区二区三区高清视频 | 精品国产品国语在线不卡丶 | 精品国产一区二区在线观看 | 91精品国产薄丝高跟在线看 | 午夜欧美日韩在线视频播放 | 精品国产亚一区二区三区 | 国产第一区二区三区在线观看 | 亚洲精品国产啊女成拍色拍 | 久热草在线 | 久久综合精品国产一区二区三区无 |