Overview CNDC Pacific is presently expanding and predominately focusing its business on the development and ownership of hotels & resorts in China. Anticipating the fast and continuous growth of the Chinese economy, our strategy is to develop hotel businesses in China’s emerging cities that have been experiencing a sustained period of economic growth over the years. China has witnessed a rapid development of its hotel properties over the past two decades.
The strengths of the China’s hotel industry rest in (1) the growing popularity of China as a major international business market and tourism destination, (2) the diversity and quality of the China’s hotel products, (3) the efforts to standardize operations and improve service quality, and (4) increased development by global hotel corporations. The World Tourism Organization estimates that China will become the leading tourist destination in the world by 2020. Therefore, we believe sustained economic development and China’s rising popularity will provide a hotel market conducive and sustainable to development. |