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To then determine the optimal Brand Architecture in order to reposition the hotels in the existing portfolio and plan for regional and global expansion. If you are three years ahead of the closest competitor, you are in a much better position to get better returns. The Singapore-listed luxury resort operator Banyan Tree spotted the spending power of Asian consumers as early as The strategy is to grow and go to all key cities and resort destinations around the world.

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Asian Hotels Bring Their Brand Of Hospitality To The West

The mid-term goal is to "successfully operate 10, rooms worldwide", said the company's chief marketing officer Michael Hobson. It has 16 more under development. So it would seem almost counterintuitive for luxury hospitality brands based in Asia to be opening hotels in Europe , where growth is slowing. Another rising giant is India.

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The best hotels in asia

European arrivals declined 6 percent on an annual basis, compared with a 2 percent decline in the Asia-Pacific region and a 5 percent slide in the Americas. But its operating profit increased 70 percent, reflecting strong performance in hotel management and investment. Another rising giant is India. So it would seem almost counterintuitive for luxury hospitality brands based in Asia to be opening hotels in Europe , where growth is slowing.

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Description: Eight of the top 10 in the list based on figures are from the United States and two from Europe. According to Lodging Econometrics, the country had the region's second-largest hotel project in development and the third-largest in the world as of the first quarter of and Asian companies are already making tentative forays into the market. By mid, luxury travel from Asia started to outpace the traditional markets of Europe, Japan and the US, which in contributed close to 70 percent of our revenues," said Luca Deplano, Banyan Tree's vice-president of marketing. Hotrec, a trade association of hotels, restaurants and cafes in the European Union, recently said that hospitality business trends across Europe were still very worrying and that a recovery was currently not in sight in many European member states. To then determine the optimal Brand Architecture in order to reposition the hotels in the existing portfolio and plan for regional and global expansion. If you are three years ahead of the closest competitor, you are in a much better position to get better returns. The annual list, based on the number of guestrooms and hotels owned or managed by companies, and published by Hotels magazine, is a pointer.
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