China austerity hits luxury hotel sector
Luxury hotel chains operating in China are having to target new market sectors to try to sustain their growth.
This is because Chinese government officials are now banned from using luxury hotels as part of new curbs on spending.
Simon Barlow, Asia-Pacific president of Carlson Rezidor Hotel Group, explains what China's austerity drive has meant for hoteliers.
24 Feb 2014
- From the section Business