Bangkok-based Minor Hotels has signed an MoU to form a joint venture with Funyard Hotels & Resorts, a core alliance enterprise of Country Garden Group, to expand its portfolio of brands across China.
The brands include Anantara, Avani, Oaks, Elewana, Tivoli and NH – many of which will be making their debut in mainland China.
At a virtual signing ceremony, Minor Hotels inks deal with Funyard Hotels & Resorts to fuel China expansion
The announcement comes at the time when the growth of China’s travel sector is expected to accelerate post-pandemic. With demand for leisure and resort services shifting from overseas to domestic, optimism about China’s tourism and resort market is at all-time high.
At the recent virtual MoU signing ceremony, Ji Hongjun, president of Funyard Hotels & Resorts, said: “The pandemic is further accelerating the process of the Chinese economy shifting towards the domestic market. This means new opportunities in domestic tourism and hospitality.” He added that the partnership seeks to “tap into the Chinese resort market and bring new energy to Chinese and even global tourism.”
Bangkok-based Minor Hotels has signed an MoU to form a joint venture with Funyard Hotels & Resorts, a core alliance enterprise of Country Garden Group, to expand its portfolio of brands across China.
The brands include Anantara, Avani, Oaks, Elewana, Tivoli and NH – many of which will be making their debut in mainland China.
The announcement comes at the time when the growth of China’s travel sector is expected to accelerate post-pandemic. With demand for leisure and resort services shifting from overseas to domestic, optimism about China’s tourism and resort market is at all-time high.
At the recent virtual MoU signing ceremony, Ji Hongjun, president of Funyard Hotels & Resorts, said: “The pandemic is further accelerating the process of the Chinese economy shifting towards the domestic market. This means new opportunities in domestic tourism and hospitality.” He added that the partnership seeks to “tap into the Chinese resort market and bring new energy to Chinese and even global tourism.”