Hotel chains are flocking to China's second-, third-tier markets

04/8/2013 | CNBC

The rapid growth of China's middle-class population is giving rise to the country's domestic tourism market and opening up expansion opportunities for international hotel chains. Major players such as Starwood Hotels & Resorts, InterContinental Hotels Group and Hilton Worldwide have ramped up development in second- and third-tier cities, which are experiencing a surge in domestic travel and lodging demand.

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