FlyerTalk Forums - View Single Post - Another new brand - Hualuxe Hotels & Resorts
Old Apr 22, 2012 | 5:38 am
  #24  
Chinatrvl
 
Join Date: Oct 2007
Location: Shanghai and Bavaria
Programs: Spire RA, 1865 Voyager, Bonvoy Titanium, FB LP, LH SEN.
Posts: 3,104
Originally Posted by nicolas75
I had a meeting 4 weeks ago with Denis Hennequin, Accor's CEO. His position regarding the Chinese market:
- China is a tough market, and no international operator currently wins some money in this country
- The market of rooms below EUR 60 is massive, and cannot be met by international brands
- Most Chinese do not travel outside the country and want local touch
- The Chinese who travel out of the country know and like international brands, but still like to have local touch (Chinese breakfast, tea in the room, sleepers)
- A large hotel is not only a room but also a social place, which needs to have multiple services and offers
That's what I figured - smart guy
But do they really lose money or just don't make a fortune here? Can't believe the former...
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