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Accor and Beijing Tourism Group have established a 50-50 joint venture hotel management company, which will manage and expand the three-star Mercure brand north of the Yangtze River. The partners have already secured management contracts for three existing hotels in Beijing to be rebranded as Mercure properties. They plan to establish a network of at […]

The tourism industry earned Yn496bn in revenue last year, up 9.8 per cent on 2000, reported People’s Daily. A director of the National Tourism Administration, He Guangwei, predicted that tourist revenue would climb 8 per cent this year. The number of overseas tourists who visited China in 2001 rose 4.2 per cent year-on-year to 87m, […]

The rights to tourist attractions in the Huangshan Mountain region of Anhui province have been sold to a domestic tourism company, the first sale of its kind in China. Tianjin Ark Tourism has paid Yn100m for 30-year rights to two attractions at the foot of the sacred mountain. A joint company will handle the development […]

The liberalisation of the distribution and trading rights regime post-WTO means that foreign investors will be able to participate more easily in the wholesale and retail sectors. As bureaucratic steps are cut out of the process, distribution should become a more efficient process. Currently, only 1 per cent of foreign capital invested directly in China […]

None of this, however, explains why, when confronted with a lack of reliable information, most foreign companies jumped into China investments anyway. The gap between the little that was known in the 1990s and the vast amount that was expected of the market cannot be put down to bad mathematics and poor research alone. A […]