Saturday, May 3, 2008

Protests against China

InterContinental Hotels and Resorts - In their latest shareholder report anticipates having 125 hotels open in Greater China by the end of 2008 up from 81 hotels this year (28,894 rooms). As China grows into the biggest inbound tourist destination over the next decade the government plan to build 97 new airports and invest over $190 billion to develop the railway network. Outbound tourists are forcast to rise from 20 million now to 100,000 million annually over the next ten years. Are protests necessary and effective?