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China:  Future Hospitality Opportunities

China:  Future Hospitality Opportunities. Peter Lim Director, International Development Wyndham Hotel Group International Shelley Perkins Vice President, International Human Resources The Ritz-Carlton Hotel Company L.L.C. Michael Reilly Purchasing Director ARAMARK Olympic Project

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China:  Future Hospitality Opportunities

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  1. China:  Future Hospitality Opportunities Peter Lim Director, International Development Wyndham Hotel Group International Shelley Perkins Vice President, International Human Resources The Ritz-Carlton Hotel Company L.L.C. Michael Reilly Purchasing Director ARAMARK Olympic Project Dr Fred J. DeMicco Professor and ARAMARK Chair Hotel, Restaurant & Institutional Management Lerner College of Business and Economics University of Delaware

  2. China: Present/Future Hospitality Opportunities for Students中国: 现在与将来 Presented at the 2008 New York Hotel Show; New York, NY Dr. Fred J. DeMicco, ARAMARK Chair & Professor of Global Strategy & Development Hotel, Restaurant and Institutional Management Lerner College of Business and Economics University of Delaware FDeMicco@Udel.edu 302.831.6077

  3. 2008 Beijing Olympics One World, One Dream

  4. Pudong, Shanghai

  5. Pudong, Shanghai

  6. Forecast for World Trade and Tourism: A shift in the “center of gravity” EUROPE ASIA NORTH AMERICA

  7. “Let China sleep, for when she wakes, she will shake the world.” Napoleon Bonaparte

  8.                                                                             Urbanization Rate is 10-15 Million People Cities of 1 million +       Source: CLSA 2005

  9. China Outbound Departure

  10. U.S.--an increasingly popular destination for Chinese travelers • In 2007, China ranked as the 16th largest international market for the United States.

  11. Likely Trends for Future

  12. Top 12 Foreign Source Markets of China’s Inbound Tourism

  13. The top ten destinations for Chinese outbound departures 2006

  14. Chinese tourists in the U.S. A group of Chinese tourists take pictures on Wall Street outside the New York Stock Exchange as New York City Police stand guard.

  15. World Tourism, 2020

  16. Shanghai, China

  17. Exotic and Authentic

  18. Howard Johnson Plaza Hotel, Shanghai The Howard Johnson Plaza Hotel is an elegant gem steps away from the Nanjing East Pedestrian Mall, a huge Shanghai Shopping District.

  19. Days Hotel & Suites, Beijing

  20. China:  Future Hospitality Opportunities Peter Lim Director, International Development Wyndham Hotel Group International Shelley Perkins Vice President, International Human Resources The Ritz-Carlton Hotel Company L.L.C. Michael Reilly Purchasing Director ARAMARK Olympic Project Dr Fred J. DeMicco Professor and ARAMARK Chair Hotel, Restaurant & Institutional Management Lerner College of Business and Economics University of Delaware

  21. THE RITZ-CARLTON HOTEL COMPANYINTERNATIONAL OUTLOOKCHINA/OPPORTUNITIES

  22. China Hotels • The Ritz-Carlton, Shanghai • The Ritz-Carlton, Beijing • The Ritz-Carlton, Beijing Financial • The Ritz-Carlton, Guangzhou • The Ritz-Carlton, Sanya • The Ritz-Carlton, Shenzhen (upcoming) • The Ritz-Carlton, Pudong (upcoming)

  23. China Opportunities • LIVE leader program • Valuable experience • Exciting and dynamic environment and workforce, eager to learn • World Class product • Expertise to train local talent. Expectation that a foreigner will do so. Number one retention tool is career development.

  24. Things to consider.. • Language can be a challenge • Cultural differences, leadership style and motivational factors. China culture is unique • Visa restrictions • Lifestyle

  25. China Facts • 1.4 Billion People • GDP 1 Trillion, number 1 by 2050 • US 1 billion per week in foreign investment • Abundant labor, untrained talent. Low cost of labor has been China’s advantage… • Salaries increasing 7 – 8.5 % last five years • New labor law 2008

  26. “Be not afraid of growing slowly, be afraid of standing still” – Ancient Chinese saying

  27. Upcoming Hotels

  28. The Ritz-Carlton, Shenzhen • Opening Date – Dec 2008 • Number of rooms – 275 guestrooms • Additional Information – New CBD area, across from new convention center, outstanding business location.

  29. The Ritz-Carlton, Pudong Shanghai • Opening Date – Dec 2009 • Number of rooms – 276 guestrooms • Additional Information – Pudong financial area in Shanghai

  30. The Ritz-Carlton, Kowloon Hong Kong • Opening Date – August 2010 • Number of rooms – 302 guestrooms • Additional Information – 118 story building, hotel occupied top 16 floors • This will become the tallest hotel in the world!

  31. The Ritz-Carlton Reserve, Krabi Thailand • Opening Date – December 2008 • Number of rooms – 54 villas • Additional information – Great location, destination resort airlines from Bangkok, Singapore and Europe.

  32. The Ritz-Carlton, Macau • Opening Date – 2011 • Number of rooms – 256 guestrooms

  33. THANKYOU!!

  34. China:  Future Hospitality Opportunities Peter Lim Director, International Development Wyndham Hotel Group International Shelley Perkins Vice President, International Human Resources The Ritz-Carlton Hotel Company L.L.C. Michael Reilly Purchasing Director ARAMARK Olympic Project Dr Fred J. DeMicco Professor and ARAMARK Chair Hotel, Restaurant & Institutional Management Lerner College of Business and Economics University of Delaware

  35. Heilongjiang Jilin Liaoning Xinjiang Hebei Inner Mongolia Tianjin Beijing Ningxia Shanxi Shandong Qinghai Gansu Henan Jiangsu Shaanxi Shanghai Xizang Anhui Hubei Chongqing Zhejiang Sichuan Jiangxi Hunan Fujian Guizhou Yunnan Guangdong Guangxi Hong Kong Hainan The Five Chinas The Margins 200 mio people GDP: USD 110 bn The Rust Belt 110 mio people GDP: USD 120 bn The Coast 375 mio people GDP: USD 550 bn The Diaspora 55 mio people GDP: USD 1000 bn The Hinterland 580 mio people GDP: USD 400 bn

  36. Asia and Tourism • More than ½ of world’s population • Stage of development of tourism greatly differs by countries and regions.

  37. Growth of Inbound Visitors, 1978-2006

  38. China’s Outbound Tourists’ Overseas Spending. USD. bn

  39. 2008 Beijing Olympics One World, One Dream

  40. 2008 Beijing Olympics

  41. Questions?Fred J. DeMicco, PhDProfessor and ARAMARK ChairGlobal Strategy & Development HRIMFDeMicco@Udel.edu

  42. Forecast for Asia: Opportunity or Threat? China as an economy: • Second-largest economy in the world in terms of purchasing power • Share of global trade up from under 1% 20 years ago to 6% today • 2025: Asia will generate 60% of global economic output (according to Asian Development Bank) • Today, China accounts for 24% of the global economic output China as a trading partner: • #1 to Japan, South Korea and Taiwan • #2 to the EU • #3 to the USA

  43. GDP Growth: Asia and World’s Advanced Economies

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