Executives of Starwood Hotels & Resorts Worldwide Inc hope an oversupply of rooms this year will quickly turn around and normalize in countries like China by 2011.
Miguel Ko, chair and president of the US-based hotel giant's Asia-Pacific division, told China Business Weekly that the global economic downturn is partly to blame for the lack of business and international travel.
Read more:
http://www.chinadaily.com.cn/bizchina/2009-07/06/content_8380834.htm
0 comments:
Post a Comment