The growth potential of China's markets is well known, but if there is any concern, it's that growth may come too fast, according to Al Wymann, Shangri-La Hotels and Resorts group director of operations in China.
The Hong Kong-based hotel chain operator, which runs 38 properties in the Asia-Pacific region, plans to grab as many opportunities as possible, shifting growing resources to mainland China, where five new hotels are scheduled to open in the next three years, in addition to 16 existing ones.
Wymann, chief of Shangri-La's operation in China, who was in Japan for four-day annual promotional meetings with travel agents and business representatives here, said the chain sees only positive prospects in mainland China, especially in light of its entry into World Trade Organization and the 2008 Beijing Olympic Games.