As global growth tanks, European leaders will wrap up a meeting around 3pm eastern today with little expected in terms of new policy to shore up their crumbling union.
The Chinese hospitality industry is booming as Western chains expand their presence and domestic hoteliers are growing so fast they can’t find enough staff in a nation of 1.3 billion people. But have the stocks gotten ahead of themselves?
Three U.S.-traded Chinese hotel chains took advantage of a slow month to open new hotels in November. The push puts them in a good position to complete their 2011 expansion plans and benefit from rising traffic in 2012.
Despite dire forecasts of a so-called hard landing for the Chinese economy, many Chinese citizens continue to go on vacation and spend money on travel.