Chinese budget hotels attracting businesspeople
26 January 2009 11:44
Thousands of travellers jetting to China are taking advantage of a boom in budget hotels in the country, reports reveal.
China's economy is rampaging and visitors to the country are increasing steadily with millions expected to visit the Asian nation this year, thanks to the Beijing Olympics in the summer.
But many are making do with a new form of budget hotel which is springing up across the country, which offer rooms for less than $50 (£25) a night, compared to $200 at five-star hotels.
Business travellers enjoying only a flying visit to China's metropolises are particularly enamoured with the cheap hotels, as they are not always seeking top resorts with all the trimmings during brief stays.
German engineer Michael Bosch, 31, told the Guardian: "All I need is a clean, warm place to sleep. I don't care so much about service."
And it seems he is not alone, as the market is booming. "Money has been pouring into this red-hot industry and every player is expanding aggressively for market share," Xu Rongzu, president of Shanghai-based Jinjiang Inn, told the paper.
Business travellers looking to save even more money on their trip are advised to check around for cheap business travel insurance, especially if they are staying in cheaper hotels with potentially less security.