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Economy hotels in China: a glocalized innovative hospitality sector

Economy hotels in China: a glocalized innovative hospitality sector Book Reviews 175 Economy hotels in China: a glocalized innovative hospitality sector, by Songshan Sam Huang and Xuhua Michael Sun, New York, NY, Routledge, 2013, 200 pp., $129.00 (hard- cover), ISBN 13: 978-0415626569 China today is a nation on the move. A growing economy, increasing personal income and the launch of small to medium businesses nationwide have given rise to a rapidly expanding lodging sector with total revenue of nearly 4 billion USD in 2013. Within this industry, economy hotel chains have experienced surging demand from the segments of primarily indi- vidual domestic business and leisure travelers seeking consistent, high-quality accommo- dations and services at an affordable price. The three Chinese economy hotel chains which have been publicly listed in overseas stock markets – namely Home Inn, 7 Days Inn and HT Inn – have all been favored by institutional and individual investors. Chinese economy hotel chains have embraced the tide of globalization by opening up overseas branches, an achievement that pales their high-end domestic peers. This book, therefore, is a timely scho- larly investigation and discussion of such a prosperous sector in a comprehensive, in-depth and context-relevant manner. A business-oriented perspective is taken by the book which mainly http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Tourism and Cultural Change Taylor & Francis

Economy hotels in China: a glocalized innovative hospitality sector

Journal of Tourism and Cultural Change , Volume 14 (2): 3 – Apr 2, 2016
3 pages

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Publisher
Taylor & Francis
Copyright
© 2014, Qi Yan
ISSN
1747-7654
eISSN
1476-6825
DOI
10.1080/14766825.2014.983318
Publisher site
See Article on Publisher Site

Abstract

Book Reviews 175 Economy hotels in China: a glocalized innovative hospitality sector, by Songshan Sam Huang and Xuhua Michael Sun, New York, NY, Routledge, 2013, 200 pp., $129.00 (hard- cover), ISBN 13: 978-0415626569 China today is a nation on the move. A growing economy, increasing personal income and the launch of small to medium businesses nationwide have given rise to a rapidly expanding lodging sector with total revenue of nearly 4 billion USD in 2013. Within this industry, economy hotel chains have experienced surging demand from the segments of primarily indi- vidual domestic business and leisure travelers seeking consistent, high-quality accommo- dations and services at an affordable price. The three Chinese economy hotel chains which have been publicly listed in overseas stock markets – namely Home Inn, 7 Days Inn and HT Inn – have all been favored by institutional and individual investors. Chinese economy hotel chains have embraced the tide of globalization by opening up overseas branches, an achievement that pales their high-end domestic peers. This book, therefore, is a timely scho- larly investigation and discussion of such a prosperous sector in a comprehensive, in-depth and context-relevant manner. A business-oriented perspective is taken by the book which mainly

Journal

Journal of Tourism and Cultural ChangeTaylor & Francis

Published: Apr 2, 2016

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