久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
Business / Industries

Ningbo hotel is first five-star site to fall into receivership

By WANG WEN (China Daily) Updated: 2015-01-30 10:52

The Landison Plaza Hotel Cixi in the eastern city of Ningbo, Zhejiang province, has become the first five-star hotel in China to go into receivership after allegedly being hurt by the government's ongoing anti-corruption campaign.

Opened in 2009 and given its top-star rating at the end of 2013, its owners first hinted at trouble in November after revealing its parent company was seeking new investors.

Although still open for business, the hotel's owner Golden Harbor Tourism Company first applied to the local court for bankruptcy reorganization nearly a year ago, according to a court statement, as the hotel was effectively insolvent.

Wang Niancheng, director of Ningbo Weiyuan Certified Public Accountants, which has been appointed as the receiver, said on Thursday that the hotel has 450 million yuan ($72.26 million) in debt and still has to pay 23 million yuan in annual interest.

"The hotel made a number of wrong investment decisions," said Wang.

The collapse of the five-star site, say analysts, is indicative of the growing pressure on China's top-end hotels sector.

Statistics from STR Global, a consulting and research group based in the United States, show that the room rates of Chinese high-end hotels dropped 3.32 percent during the first nine months of 2014 compared with the year before, and rates of hotels considered "super-luxury" also dropped by 2.81 percent.

"The high-end hotel business will not be good in 2015 and we expect many hotels, including those managed by international brands, to lose money," said Ji Qi, CEO of the Huazhu Hotel Group Ltd, which runs a variety of properties.

The government's anti-corruption drive is being seen as instrumental in the tougher conditions, especially for the upper-end market, with many hotels previously relying on generous entertainment and business spending by officials.

The Alliance of China Conference Hotels released a report in December showing that the conference industry's total income from the public sector dropped from 36.3 percent in 2010 to 22.1 percent in 2013.

Experts said there is a growing oversupply of high-end hotels in the Chinese market, and with five-star sites opening across the country in recent years, the problem is wide spread.

Zhao Huanyan, chief expert at Huamei Consulting, a consulting firm for hotel industry based in Shenzhen, Guangdong province, said that some local governments had been especially keen to attract multinational hotel chains, as global names in town were seen as helping attract other international investment.

He said that many new hotels were funded with borrowed money, but as income has dropped in recent years, keeping up with repayments has become increasingly difficult for some owners.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久草最新网址 | 99在线观看 | 国美女福利视频午夜精品 | 亚洲欧美一区二区三区不卡 | 亚洲福利视频精选在线视频 | 国产高清美女一级毛片久久 | 97成人精品视频在线播放 | 成人国产精品毛片 | 国产精品黄页在线播放免费 | 欧美经典成人在观看线视频 | 色丁香久久 | 日本三级香港三级三级人!妇久 | 国产成人综合亚洲欧美在 | 不卡一级毛片免费高清 | 色精品视频 | 欧美日韩精品在线播放 | 久久久久久免费观看 | 成人欧美午夜视频毛片 | 国产一级毛片国语版 | 2020久久国产最新免费观看 | 亚洲精品第五页中文字幕 | 国产一区中文字幕在线观看 | 久草热线视频 | 特级做人爱c级特级aav毛片 | 亚洲综合色在线观看 | 亚洲国产精品自在现线让你爽 | 国产亚洲精品久久久久久 | 国产精品毛片va一区二区三区 | 成人午夜视频一区二区国语 | 亚洲成在线 | 影院亚洲| 日本高清福利视频在线观看 | 国产精品永久免费视频观看 | 日本精品久久久久久久久免费 | 欧美亚洲日本国产综合网 | 美国免费高清一级毛片 | 暴操女人 | 久久久免费视频播放 | 亚洲国语在线视频手机在线 | 99视频在线精品免费观看18 | 日本亚洲成高清一区二区三区 |