M.R. Henderson

Five Key Quotes from Home Inns on China's Outlook

Those quotes were supposed to be good news? While occupancy has begun going down, we believe we will be self-funding by 2010??? Looks like budget hotels are possibly following the five-stars down. The one bright spot is that medium sized businesses might be getting more loans. After the Wallstreet journal article headlining "China's Stimulus Will Work", which looked like it was written by someone from the China Daily, this kind of "optimistic" talk doesn't make me confident.