Cornell Hotel & Restaurant Administration Quarterly, May 1st, 2006
Although the winds of change ripple through China's hotel industry, many properties are still owned by the local or regional government and are operated on a noneconomic basis. Often, local officials have arranged for construction of the state-owned hotel (SOH) for their own reasons, including improving the image of their town or their own enjoyment. In such an environment, a hotel's management team may have to pay more attention to the whims of local officials than to the demands of the market. The situation of the SOHs calls for privatization, but the method of exit from state control to p...
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