CHINA ’ S WEAKNESS APPEARS TO BE A SHORTER-TERM IMPACT THAT COULD LAST INTO NEXT YEAR POTENTIALLY |
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– MICHAEL BELLISARIO ,
DIRECTOR , SENIOR RESEARCH
ANALYST , BAIRD EQUITY
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The Mandarin Oriental Qianmen , Beijing , opened in October 2024 and is known for its hutong layout , the traditional atmospheric passageways linking the individual courtyard houses that serve as guestrooms . The hotel marks the group ’ s 10th property in Greater China and its second in Beijing following Mandarin Oriental Wangfujing . Since Kleitman joined the group in September 2023 , Mandarin Oriental has announced five new projects , bringing its total hotels under development to 31 |
and with numerous others to be announced soon . Mandarin Oriental ’ s pipeline of further |
developments opening in China in the coming few years includes Tianfu in Chengdu , Hangzhou
THERE ' S ALWAYS GOVERNMENT INVOLVEMENT , BUT THE PRIVATE SECTOR DRIVES MUCH OF IT AND HOTELS STILL MAKE MONEY
– TAREQ BAGAEEN , SENIOR
CONSULTANT , HOTSTATS
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44 hotelsmag . com Jan / Feb 2025 |