日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

chinadaily.com.cn
left corner left corner
China Daily Website

Long-term view fuels Hyatt's success

Updated: 2012-06-28 10:18
By Wang Zhuoqiong (China Daily)

Long-term view fuels Hyatt's success

Grand Hyatt Beijing on Chang'an Avenue. Chicago-based Hyatt Hotels Corp currently operates 19 properties in China under the brands of Park Hyatt, Andaz, Grand Hyatt and Hyatt Regency. [Photo/China Daily] 

Since becoming head of Hyatt in 2006, Hoplamazian has turned in what many regard as a sizzling performance.

He took the company public in 2009. A year later, Global Hospitality Services - a leading hotel consulting and services organization - credited his leadership with lifting the stock price 39 percent and growing earnings before income tax, depreciation and amortization - a key performance and compensation measure - by 143 percent from the year before.

Having served as an adviser to various Pritzker family-owned companies including Hyatt Hotels Corp, he said it was a wonderful opportunity to oversee many businesses.

"(The experience) provided a great perspective," he said.

But in his first year as the head of Hyatt in 2006, he recognized that he didn't know the business very well. He then spent a full year learning it.

"In my view, it is the best thing I could have done," he said.

"With fresh eyes, I asked a lot of questions. I learned a lot while others learned with me. That inquiry in coming into the company that way made a difference."

Chinese market

China remains central to Hyatt's global growth strategy, Hoplamazian said. The group's Asia-Pacific results were driven by strength in China, according to its annual report for 2011.

With a booming demand and a relatively limited supply, China is at a wonderful stage of development, Hoplamazian said.

Compared with the mature market in the United States, he said a forward-looking mindset should be adopted in China.

"In China, you look at the evolution of the local economy and what kind of business and leisure travel you can expect from that," he said.

Take the city of Chengdu, in Sichuan province, as an example. Work started on building some hotels five years ago when the market probably would not have supported it. By the time they were open, the economy had accelerated so much these hotels became a success, he said.

A long-term perspective helps a hotel management make wise decisions, said Hoplamazian.

He said building a hotel which stands for decades requires long-term vision. "What happens next year, or in a very short period of time, if one makes a decision based on that - it is not wise to do that in our business," he said.

In the robust hospitality market in China, it is a challenge for a hotelier not to be excited about the opportunities. But Hoplamazian takes a more careful approach.

"We don't jump on any property or opportunities that are thrown to us," he said. "We take time to think about how we can best represent our brand."

A full assessment in new development is also critical. At the beginning of a project, Hyatt analyzes every single hotel transaction to ensure the hotel itself will be a success commercially and financially over time.

Understanding local partners also consolidates their presence in a foreign market.

"It is a marriage, not a trade," said Hoplamazian. "We and our partners will be together for decades. You don't do every deal presented to you. We take a very careful approach to make sure of its success."

Expansion plan

With the support of local partners, the US hotelier has expanded to many second- and third-tier cities, a major driver of the company's growth in China. They include Changbaishan in Jilin province and Hangzhou in Zhejiang province.

"I don't think they are second- and third-tier cites," Hoplamazian said. "From my perspective, they are big, vibrant cities, with significant economic activity and large populations. They are really great opportunities."

Hotel brands with selected services - namely Hyatt Place and Hyatt House hotels - are on the top of the agenda in Hyatt's blueprint for China over the next several decades, said the president.

The group has two Hyatt Places and one Hyatt House being built in Shanghai.

"We will build an increasing number of Hyatt Places and Hyatt Houses," said Hoplamazian. "This is the biggest growth area for us in the next 10 to 20 years. This trend is very clear."

The rise of China's middle class and affluent families is the reason why Hyatt chose to expand hotels with selected services.

After rapid development in 2010, high-end hotels, which have increased in number to more than 600, are close to saturation point, according to a development report on China's hotel industry.

The next step for high-end brands is not growing in number but in specialized services, the report said. The rise of the middle class will create demand for medium-end hotels.

"The number of markets we can serve with these brands is significantly larger than the market we can serve with our full service brands," said Hoplamazian. "The cost of building them is lower."

wangzhuoqiong@chinadaily.com.cn

Previous Page 1 2 Next Page

...
主站蜘蛛池模板: 亚洲黄色视屏 | 成人在线视频免费观看 | 在线观看日韩一区 | 91免费在线视频 | 美国黄色a级片 | 久久精品在线观看 | 色综合五月天 | 国产69久久精品成人看 | 中国毛片在线观看 | 久久一区二区三区四区五区 | 久久久www | 亚洲成网站| 91九色中文| 99热| 亚洲中字 | 日韩精品在线一区二区三区 | 四虎永久 | 神马久久午夜 | www亚洲国产 | 国产真实乱偷精品视频 | 欧美三级a做爰在线观看 | 日韩三级av | 麻豆视频免费在线播放 | 夜夜久久久 | 亚洲欧美在线观看视频 | 三级在线免费 | 美女视频久久 | 福利网站在线观看 | 六月丁香久久 | 欧美精品一区二区三区四区五区 | 午夜视频色 | 久草在在线 | 成人毛片在线视频 | 欧美性大战xxxxx久久久 | 日韩av手机在线免费观看 | 欧美一区二区三区在线视频 | 日韩精品综合 | 亚洲欧美在线一区 | 中文字幕 亚洲一区 | 亚洲四虎影院 | www在线视频 |