CHINA TOPIX

04/02/2025 10:58:24 pm

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room rates

New York's Landmark Waldorf Astoria Hotel To Be Converted To Condos

Oversupply of Hotel Rooms Forces Owners to Cut Down Rates: Report

Chinese hotel owners are being forced to cut down room prices, as a glut of hotel rooms are left unoccupied because of overexpansion, according to Fitch Ratings, an international credit rating agency.

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