Luxury hotels : Asia-Pacific absorbs the shock and banks on the future
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After resisting longer than Western economies, the great countries in the Asia-Pacific have been impacted by the world economic crisis. Since the beginning of the year 2009, the drop in business has led to a massive revision of the rate policy. And yet, the formidable development in countries and regions that are still under-equipped merely slowed. The openings of luxury hotels are multiplying, driven by major events such as Expo 2010 in Shanghai. Potential for “secondary” cities remains strong and economic growth is already showing signs of picking up again.
