One hotel operator is The Ascott Limited, the lodging business unit of CapitaLand Investment (CLI) (SGX:9CI
) . Ascott is one of the leading international lodging owner-operators in China, with about 210 properties comprising over 46,000 units in 42 cities including Beijing, Chongqing, Dalian, Foshan, Guangzhou, Guilin, Haikou, Hangzhou, Harbin, Kunming, Nanjing, Shanghai, Suzhou, Tianjin, Wuhan, Zhuhai, Hong Kong and Macau.
Despite the scorching summer heat, the streets of Chongqing, China’s fourth largest city, were full of hustle and bustle on a recent visit, teeming with people and cars on a Monday evening, even though few foreigners were in sight.
While China’s tier-2 cities like Chongqing may need a little more time to wow back international travellers, tier-1 cities like Shanghai and Beijing have already seen the return of domestic travellers. At the time of writing, hotels, restaurants, malls and tourist attractions in these cities were gearing up for the October Golden Week holidays with special accommodation packages, promotions and discounts.
