CHINA'S HOTEL INDUSTRY

In June 1995,the ’95 China Hotel Fair,held at the Beijing China World TradeCentre,displayed products from over200 exhibitors from 22 countries,includingChina.The global largest barbecue,All-China Cake Decoration Contest,Cream-Making Contest,China Baking Food andCandy Products Exhibition were also held.

Self-rescue and Transformation of the Hotel Industry in China under the Epidemic

In order to minimize the impact of COVID-19 on entities such as the hotel industry,this article analyzes the development status of the hotel industry under the epidemic and suggests countermeasures for self-rescue and transformation,such as improving basic settings and optimizing management.These strategies provide ideas and suggestions to comprehensively improve the risk response of hotels and the implementation of sustainable development strategy.

Olympics Heat Up Beijing Hotel Industry

With the Olympics fast approaching,Beijing has become the hot spot for all types of hotels The Sun Dong An Plaza, located at the center of Beijing’s 'Golden Street'-Wangfujing, is undergoing an overall renovation with a budget of 200 million yuan ($26

Ritz-Carlton,Sanya,Helmsman Talks About HR Management and the Hotel Industry in China

"There is not much difference between managing a hotel overseas and HR management in China,"said Michel L.Goget,the General Manager of the Ritz-Carlton,Sanya,who has been living and working in China for about four years."We look at

An impact assessment of the COVID‑19 pandemic on Japanese and US hotel stocks

This study proposes two new regime-switching volatility models to empirically analyze the impact of the COVID-19 pandemic on hotel stock prices in Japan compared with the US,taking into account the role of stock markets.The first model is a direct impact model of COVID-19 on hotel stock prices;the analysis finds that infection speed negatively affects Japanese hotel stock prices and shows that the regime continues to switch to high volatility in prices due to COVID-19 until September 2021,unlike US stock prices.The second model is a hybrid model with COVID-19 and stock market impacts on the hotel stock prices,which can remove the market impacts on regime-switching volatility;this analysis demonstrates that COVID-19 negatively affects hotel stock prices regardless of whether they are in Japan or the US.We also observe a transition to a high-volatility regime in hotel stock prices due to COVID-19 until around summer 2021 in both Japan and the US.These results suggest that COVID-19 is likely to affect hotel stock prices in general,except for the influence of the stock market.Considering the market influence,COVID-19 directly and/or indirectly affects Japanese hotel stocks through the Japanese stock market,and US hotel stocks have limited impacts from COVID-19 owing to the offset between the influence on hotel stocks and no effect on the stock market.Based on the results,investors and portfolio managers should be aware that the impact of COVID-19 on hotel stock returns depends on the balance between the direct and indirect effects,and varies from country to country and region to region.

Notable quotes from hotel industry“thought leaders”2007

As a hotel lawyer, seeing 2,500 of my closest hotelindustry friends at the ALIS Conference held recently , I heard some interesting things from the "thought leaders" of the industry. Some of the items making my list of notable quotes were taken from private meetings, and some from the public ALIS panels. In either event, I thought I would share some of the current insights, activities or musings from some interesting people in the hospitality industry.

Customer Satisfaction and Hotel Brand Equity： A Structural Equation Modelling Study

In this paper, a structural equation modelling technique was used to examine the effect of brand equity on customer satisfaction in the Egyptian hotel industry. Brand equity was separated into four constructs （brand loyalty, perceived quality, brand awareness and brand associations）, and each one was examined individually. A sample of hotel guests, who accommodated at four- and five-star branded hotels, in four tourism destinations in Egypt, was selected. A structured questionnaire that included established scales was then used to measure brand loyalty, perceived quality, brand awareness, brand associations and customer satisfaction. Data were collected from 280 usable questionnaires answered by hotel guests, and the relationships among the four variables of brand equity and customer satisfaction were examined using correlation analysis and structural equation modelling. The study found that brand loyalty, brand awareness and brand associations all had a significant positive effect on customer satisfaction. Perceived quality, however, did not have any effect. These findings suggest that customer satisfaction is a reasonable measure for the success of branding activities, and that branding managers should focus on brand loyalty, awareness and associations to raise their customers＇ satisfaction.

Research on the Stress Management Strategies of Hotel Interns:A Case Study of Hotel Z in Foshan

In this study,by the combination of quantitative and qualitative research,the number of valid questionnaires was 217.The results show that there was a positive correlation between stress sources and stress response,and the four stress sources of own ability and quality,interpersonal relationship and communication,role requirements,work environment and atmosphere had a significant predictive effect on work pressure response;different personality characteristics had significant differences in the effect of work stress.

Research on the application of the environmental protection systems in Lijiang branded hotels

With the rapid development of the tourist industry in Lijiang, the famous hotels in Lijiang not only bring to the local area the enhancement of the international influence and the levels of the service, but also bring the international experience in the management of the environmental protection. Through the field investigation and interviews, the author compares the characteristics of the environmental protection systems that the branded hotels in Lijiang apply, and summarizes the performances that some of the hotels obtain in the application of the environmental protection systems, and finally puts forward the related suggestions for Lijiang on the construction of the national model city of the environmental protection.