Home Inns still on a roll
Source: http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert/0/0/home-inns-still-on-a-rollPosted on Wednesday, November 12th, 2008 | In Asia
Home Inns is the Howard Johnson of China and they gave an interesting view of Chinese spending patterns.
“We didn’t see a very significant impact by
the economy, global economy or the slow-down of the Chinese economy…For the first months of the fourth quarter, we are still seeing
the same trend the third quarter.”
“Four
to five star hotels occupancy and revenue have gone down since August.
I think mainly it’s caused by a global economy… and also the very
strict Olympics visa issue… I think in 2009 the high-end; like four,
five-star hotels will be impacted by the high-end customer reductions.
But budget hotels… still haven’t seen any… significant change in the
market.”
In the U.S., we might refer to this as the Wal-Mart trade but what it means is that the high end is suffering while budget brands are thriving.
Last 5 posts by Tony Sagami
- World Bank Calls China: A “Ray of Hope” - April 14th, 2009
- Even Walt Disney Couldn’t Have Imagined This … - April 9th, 2009
- Following the Warren Buffett of China - February 17th, 2009
- Gaming stocks down on their luck - January 20th, 2009
- Japan: worst stock market drop in history - December 31st, 2008
![]() About Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert)
Tony Sagami, a veteran investment advisor and a leading expert on Asian markets, is the owner and founder of Harvest Advisors, an investment research and money management company. Mr. Sagami has been managing money for more than 20 years and is one of the early pioneers in the application of technical and quantitative analysis to mutual funds and stocks. He is a featured contributor to Weiss Research’s daily e-letter, Money and Markets and monthly Safe Money Report as well as the editor of Asia Stock Alert. Prior to establishing his own firm, Mr. Sagami was managing director at W.E. Donoghue & Co, serving additionally as the director of investment. During his successful career, he also held the position of account executive at Merrill Lynch. Mr. Sagami’s views on Asian markets, specifically Chinese investments, have been featured in publications such as The Wall Street Journal, Barron’s, Kiplinger’s, Smart Money, Business Week, New York Times, Washington Post, Investors Business Daily, Bloomberg, Financial Planning Times, Mutual FundsMagazine, Chicago Tribune, and the LA Times, as well as on CNBC and CNBC Asia. Mr. Sagami holds a degree in economics from the University of Washington. |



