| FRIDAY JUNE 23 2000 PUBLISHED BY CHINA DAILY | |||||
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Rainfall at this plum rain season normal AIDS boy Peng Peng passes away Huating moves ROK delegation here for talks China, Iran look forward to increased trade in future Bookshops turn over new leaf on piracy Survey sparks controversy Entrepreneurs warned not to neglect their studies Cheat in the name of 'helping the poor' She escapes from warring island Study abroad tempts local teenagers A passion for study overseas |
Timeshare hotel concept checks in TIMESHARE hotel room booking concept and service is now making inroads in China. Pay $5,000 to $15,000, you can stay a week in a hotel every year in the next 20, 30 years or even longer. Of course you don't want to stay in one place, so when you go to other cities, or even abroad, you can stay a week in any hotel that has joined the timeshare network and you need not pay a cent. Freedom Vacations, a timeshare company incorporated in the British Virgin Islands, set up its company in China in 1999. The company is called Beijing Shenzhou Huanyu Booking Net Consultancy Service Co Ltd. Beijing Yulong Hotel signed to become the first Chinese hotel, followed up by several other hotels, holiday resorts and serviced apartments in the country. Industry insiders said the occupancy rate of hotels is not 100 per cent and there are always empty rooms. So some hotels see the timeshare an extra opportunity to earn money out of empty rooms. The Freedom Vacations Beijing company recently opened a branch office in Shanghai and now is holding talks with Galaxy Hotel. So far about 20 Chinese people have paid for the timeshare service via the booking net. David Moulds, president of the company told Shanghai Star he sees great potential in the China market and plans to recruit 1 million Chinese members within five years. "The network will not only activate the Chinese domestic tourism industry and other related services, but also introduce a great number of foreign tourists to China," Moulds said. Chinese people who pay to become a member of Freedom Vacations can stay at network hotels in China and several foreign countries around the world. Copyright 2000 by Shanghai Star. All rights reserved. |
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