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American Fast Food Giant Eyes Higher Chinese Wages

U.S. fast food giant Yum Brands Inc. reported recently that its labor and commodity costs in China were likely to increase in the second half of 2010. According a senior company executive, in the first half of 2010 the company's labor costs increased by USD12 million, and they ...

New Hotel Brand Heads To Hong Kong

Shangri-La Hotels and Resorts is planning to debut the Traders Hotel brand in Hong Kong on August 1, 2010, with the opening of Traders Hotel, Hong Kong. Previously operating as Hotel Jen, the 280-room property was completely renovated in 2008 and will be integrated into the ...

Hotel industry eager to expand

While the hospitality industry has suffered along with the rest of the economy in most countries, China remains one of the few places that are ripe for hotel expansion. "The economic environment, the increasing middle-income population in China, the increase in disposable incomes ...

Hilton creates flight of fancy on airport's doorstep

For picky Mr and Ms Frequent Flier from China and their counterparts all over the world, the newly launched Hilton Beijing Capital Airport says it will guarantee them a pleasant stay, ironing out the frustrations of flight delays caused by inclement weather or nose-to-tail ...

Wow Prime Group opens 22 more stores in mainland China

Taiwan Wow Prime Group entered Chinese mainland market 6 years ago. At present, the group is to comprehensively speed up its expansion pace in the market. It is expected that 22 stores will be opened up this year, and Wow Prime Group will open more stores in the Chinese mainland ...

Starwood Opening Three New Hotels In China

Starwood's Le Meridien Hotels and Resorts has announced that it is opening three new hotels in Greater China in Taipei, Zhengzhou, and Xi'an. Le Meridien Taipei is slated to open in October 2010, to be followed by the openings of Le Meridien Zhengzhou in January 2012 and Le ...

Little Sheep will raise the selling price

Lu Wenbing, Executive Director and Chief Executive Officer of Little Sheep, said that the profit of entire group fell 2.7% to 38.1 million Yuan in the first half of 2010 due to inflation, the rising of raw material costs, and the closure and transform of some shops. In order to ...

Home Inn recorded net profit of 136 million CNY in Q2

Today, Home Inn released its un-audited financial report during the three month ending June 30th. The report shows that total revenue of the chain in the second quarter of 2010 rose by 25.7% to 806.9 million CNY (about 119 million U.S. dollars); net profit reached 135.8 million ...

Papa John's To Double Number Of Stores In China Over Three Years

Myles Felt, vice president for international operation of the pizza restaurant chain Papa John's, said during a recent Chinese media interview that the company plans to double the number of its restaurants in China in three years, increasing from the current 155 to 300 restaurant...

Home Inn won the 2010 China Outstanding Marketing Award

Co-sponsored by Economic Observer and Hong Kong Management Association, the 2010 China Outstanding Marketing Award final competition was held in Beijing. In the end, Home Inn became the winner of the coveted title. Through brand marketing, experiential marketing, and consumer ...

Starbucks To Sell Instant Coffee In Taiwan In 2011

According to reports in Taiwanese media, John Culver, Starbucks' president for overseas market operation and strategy planning, said that the launch of Via will enable customers to enjoy a couple of coffee at any time, any place. This product has been launched in the U.S., Japan, ...

Hotels ready for post-Expo operations

When the Expo 2010 Shanghai ends, will it mark a period of economic gloom? That's the question many hotels are asking as the six-month carnival in the minicipality draws to a close on Oct 31. In the months before the opening of the Expo on May 1, a total of 5,976 new rooms, an ...

India's hotel giant to open new hotels in China

Indian Hotels Company Limited ( IHCL), one of South Asia's largest hospitality groups will set up at least three hotels in China including the capital Beijing in the near future, a senior official from the company told reporters on Friday. Raymond Bickson, managing director and ...

Ministries to regulate hotel prices

Travelers looking to stay in hotels may soon see enhanced regulations on the price of their stay, people.com.cn reported Sunday. According to the website, officials from the National Development and Reform Commission, National Tourism Administration and State Administration for ...

Spanish Pizza Company, Christine Create JV In China

Spanish pizza giant Telepizza and the bakery chain Christine have signed a letter of intent to set up a joint venture for their expansion in the Chinese market, with each party owning a 50% stake. This is reportedly Telepizza's first joint venture in Asia. The official files from ...

Starbucks Enters Fujian

U.S. cafe chain Starbucks has opened its first coffee shop in Fuzhou, capital of Fujian province. This is reportedly Starbucks' exploration of another brand new market in China in 2010, following its entries into Zhuhai and Changsha. The company said that it is a sign that it ...

McDonald's Opens 100th Restaurant In Shanghai

The international fast food giant McDonald's has opened a new restaurant in Shanghai's International Financial Center, and this is McDonald's 100th outlet in the city. Huang Hongfei, vice president and general manager for the central region of McDonald's China, told local media ...

South Beauty Group expects to make an initial public offering

Recently one of China s high-end restaurant chain brands South Beauty Group opened up its 13th store in the Lujiazui financial district in Shanghai. Zhang Lan, chairman of South Beauty Co., Ltd., said in an interview that South Beauty Group plans to open up 25 to 30 stores in ...

Starbucks brews up Yunnan flavor

Starbucks Coffee Company plans to set up its first coffee bean farm in southwestern China s Yunnan Province, according to a memorandum of understanding signed by the coffee giant, Yunnan Academy of Agricultural Science and the municipal government of Pu er on Friday in Kunming. ...

Starbucks plans to open 10 stores within one year in Fujian Province

Yesterday, the very first store of U.S. coffee giant Starbucks in Fuzhou city, Fujian Province was opened up, following the successful settlement of Starbucks in Zhuhai city and Changsha city. Starbucks said that the opening of the new store in Fujian city not only marks the ...
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finance

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trade

sports

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