Luxury Hotel China Travel
China travel is on the rise, and Las Vegas casino operator MGM Resorts International wants to give travelers luxurious hotel choices in the country with plans to open as many as 30 hotels in China over the next three to four years.
The company notes an increasing demand for luxury travel in the country as the primary factor behind this large investment. The company is currently building 20 hotels in the Asia-Pacific region, with nine of these in Chinese cities including Shanghai and Ningbo. It is expected that demand for luxury goods and travel in China will rise by as much as 25% to account for 44% of the global total by 2020. MGM will open its first hotel in the country in Sanya on Hainan Island in the fourth quarter. Other company projects in Asia are located in the cities of Kuala Lumpur, Singapore and Jakarta, where the growth in wealth of some Indonesian families has been phenomenal.