China's Huatian Group Invests in Tourism
At a group development strategy seminar, Huatian Group has revealed that it will aim to be listed in the top 100 hotel brands in the world in the coming five years.
After 22 years of development, Huatian Group now has 60 star-rated hotels, business hotels, and economy hotels. The group plans to invest CNY600 million between 2010 and 2015 in equity investment of Huatian Hotel Group and the establishment of Huatian International Travel Service Company.
From 2011 to 2015, the group will invest between CNY1.2 and CNY1.7 billion in constructing a Hunan Tourism Center and tourist locations, travel agency branches in East Asia, Southeast Asia, and large Chinese tourism cities, and two or three core scenic areas in Hunan, as well as the development of tourism products such as Hunan embroidery and chrysanthemum stone.
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