Dusit Fudu Hotels and Resorts has secured 15 management contracts within its first 12 months of operations.
The Chinese joint venture hotel management company between leading Dusit International and Changzhou Qiao Yu Group, has secured contracts for three Dusit Devarana hotels, three Dusit D2 hotels, one Dusit Residence, and eight Dusit Thani properties.
In addition, there are more than 12 developments under negotiation in Shanghai, Hangzhou, Fuzhou, Xiamen, Changsha, Zaozhuang, Chengdu and Guiyang.
“Dusit Fudu is on track to have 50 hotels within the next five years under its belt, despite being a newcomer in a competitive marketplace,” said Lim Boon Kwee, president of Dusit Fudu Hotels & Resorts.
“We are pleased to bring four distinct hotel brands to China Dusit Devarana, Dusit Thani, dusitD2 and Dusit Princess, as well as our signature Devarana Spa.”
China is a market with abundant opportunities, with domestic tourism a key driver of growth. In 2013, number of domestic tourists stood at 3.25 billion with revenues of RMB2.54 trillion (US$409 billion). It is estimated that the number of domestic tourists in 2014 will reach 3.58 billion, representing a 12% increase year-on-year and generate revenues of RMB2.85 trillion.
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