For Australian entrepreneur Kevin Zhang, the Belt and Road Initiative means huge potential for the expansion of his hotel business in China.

Zhang is the CEO of Argyle Hotel Group, a leading Australian hotel management group founded in 2002. The company, which started operating in China 12 years ago, currently has 105 hotels with more than 22,710 guestrooms across the country.

"We deem the Belt and Road Initiative a precious opportunity for the growth for our business, and we are focusing more on Northwest China, the starting point of the ancient Silk Road," he told China Daily.