Visa-free travel, rising foreign visitors boost luxury hotel growth in China

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China’s luxury hotel sector has unlocked new avenues for business growth, fuelled by a boom in inbound tourism and a growing number of foreign business travellers and holidaymakers who favour high-end accommodation.International tourists generally spend more than domestic ones, except for wealthy Chinese travellers. Most visa-free visitors to China are from developed countries with much higher living costs.Even spending at their usual levels, they would generate considerable revenue for...