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

US EUROPE AFRICA ASIA 中文
Business / Industries

Ningbo hotel is first five-star site to fall into receivership

By WANG WEN (China Daily) Updated: 2015-01-30 10:52

The Landison Plaza Hotel Cixi in the eastern city of Ningbo, Zhejiang province, has become the first five-star hotel in China to go into receivership after allegedly being hurt by the government's ongoing anti-corruption campaign.

Opened in 2009 and given its top-star rating at the end of 2013, its owners first hinted at trouble in November after revealing its parent company was seeking new investors.

Although still open for business, the hotel's owner Golden Harbor Tourism Company first applied to the local court for bankruptcy reorganization nearly a year ago, according to a court statement, as the hotel was effectively insolvent.

Wang Niancheng, director of Ningbo Weiyuan Certified Public Accountants, which has been appointed as the receiver, said on Thursday that the hotel has 450 million yuan ($72.26 million) in debt and still has to pay 23 million yuan in annual interest.

"The hotel made a number of wrong investment decisions," said Wang.

The collapse of the five-star site, say analysts, is indicative of the growing pressure on China's top-end hotels sector.

Statistics from STR Global, a consulting and research group based in the United States, show that the room rates of Chinese high-end hotels dropped 3.32 percent during the first nine months of 2014 compared with the year before, and rates of hotels considered "super-luxury" also dropped by 2.81 percent.

"The high-end hotel business will not be good in 2015 and we expect many hotels, including those managed by international brands, to lose money," said Ji Qi, CEO of the Huazhu Hotel Group Ltd, which runs a variety of properties.

The government's anti-corruption drive is being seen as instrumental in the tougher conditions, especially for the upper-end market, with many hotels previously relying on generous entertainment and business spending by officials.

The Alliance of China Conference Hotels released a report in December showing that the conference industry's total income from the public sector dropped from 36.3 percent in 2010 to 22.1 percent in 2013.

Experts said there is a growing oversupply of high-end hotels in the Chinese market, and with five-star sites opening across the country in recent years, the problem is wide spread.

Zhao Huanyan, chief expert at Huamei Consulting, a consulting firm for hotel industry based in Shenzhen, Guangdong province, said that some local governments had been especially keen to attract multinational hotel chains, as global names in town were seen as helping attract other international investment.

He said that many new hotels were funded with borrowed money, but as income has dropped in recent years, keeping up with repayments has become increasingly difficult for some owners.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 免费一级特黄 欧美大片 | 免费观看成人www精品视频在线 | 女人张开腿 让男人桶视频 女人张开腿等男人桶免费视频 | 国产亚洲精品高清在线 | 日本亚洲视频 | 黄色毛片国产 | 午夜a毛片| 男女配种猛烈免费视频 | 农村寡妇女人一级毛片 | 97精品国产综合久久久久久欧美 | 99精品欧美一区二区三区美图 | 亚洲 欧美 精品专区 极品 | 日韩欧美毛片免费看播放 | 亚洲精品一区 | 日韩a毛片免费全部播放完整 | 国产精品永久免费自在线观看 | 一级片a级片 | 中国女人毛茸茸免费视频 | 国产黄色三级三级三级 | 国产精品久久久久久爽爽爽 | 91久久精品| 久夜色精品国产一区二区三区 | 久久亚洲国产欧洲精品一 | 免费韩国美女爽快一级毛片 | 国产三级日本三级在线播放 | 99爱视频 | 国产日产欧美精品一区二区三区 | 亚洲国产精品自产拍在线播放 | 欧美日韩在线观看免费 | 亚洲人成网站色7799在线观看 | 国产综合精品久久亚洲 | 成年女人毛片免费观看97 | 日韩欧美一区二区三区不卡视频 | 国产成 人 综合 亚洲绿色 | 成人精品免费视频 | 亚洲图片视频在线观看 | 久久久久久久久网站 | 国产美女高清一级a毛片 | 成人久久18免费网站入口 | 亚洲国产精品区 | 一本本久综合久久爱 |