Besides low prices, the convenient transportation of the Guangfo region is also an important reason that Foshan's star-rated hotels can compete with Guangzhou's high-end hotels. Take the Foshan Poly InterContinental Hotel as an example; it takes only a 28-minute and a 40-minute drive to reach the Pazhou Exhibition Hall of the Canton Fair and the new Guangzhou Baiyun International Airport, respectively. "Previously, when staying near Guangzhou Railway Station, if I encountered traffic jams on the way to Pazhou, it would take over an hour. Since last year's autumn fair, I have been staying at hotels in Foshan, which only takes 40 minutes to reach Pazhou, more convenient than from downtown Guangzhou," Mr. Long from Chongqing said.
To facilitate the pick-up and drop-off of guests for the Canton Fair, star-rated hotels such as Heng'an Swiss Hotel, Poly InterContinental Hotel, Foshan Holiday Inn, and Jincheng Grand Hotel have all set up shuttle buses during the Canton Fair period for morning departures and evening returns.
Available data shows that the Hyatt Group is currently the world's largest private hotel company and one of the most famous international luxury hotel management groups. Its Park Hyatt brand represents ultra-luxury boutique hotels, mostly located in the central districts of major cities.
Yin Tai's chairman Shen Guojun is a genuine Zhejiang businessman, born in Ningbo in 1962. In 1996, after leaving the Construction Bank, he founded Yin Tai Investment and has since made significant moves in the department store industry and capital markets.
It is understood that Yin Tai Group, established in 1997 with its headquarters in Beijing, focuses on three core industries: retail, real estate, and resources. It owns several listed companies with a total market value of approximately 27 billion yuan. The main controlled enterprises under the group include Yin Tai Department Store (Group) Co., Ltd., Yin Tai Holding Co., Ltd., Beijing Yin Tai Real Estate Development Co., Ltd., Beijing Yin Tai Property Co., Ltd., and Beijing Yin Tai Yonghe Real Estate Development Co., Ltd., among others. The Beijing Yin Tai Center created by Yin Tai integrates Class A office buildings, five-star hotels, and upscale shopping malls, and has become a landmark building in Beijing's CBD.
In November 2006, S Science City under the "Yin Tai System" jointly increased capital and operated in partnership with Hyatt International Asia Limited, a subsidiary of Hyatt International Group, for the owner company of Beijing Silver Hyatt Hotel (located in Beijing Yin Tai Center), Beijing Keshengyuan Investment Co., Ltd. As a result, Beijing Keshengyuan will be renamed Beijing Yin Tai Hotel Industry Co., Ltd., becoming a subsidiary under Yin Tai Group mainly responsible for hotel management.
The dream of Yin Tai's luxury hotel: Analysis - Star-rated hotels are cheaper than in Guangzhou, and travel is also convenient. "During the Canton Fair, the price of four-star hotels in Guangzhou is generally above 600 yuan per room, while four-star hotels in Foshan are around 500 yuan per room," said a relevant person in charge of Jincheng Grand Hotel. Reporters learned from Foshan Poly InterContinental Hotel and Heng'an Swiss Hotel that business rooms during the Canton Fair are priced at 1168 yuan per room, while the accommodation price in similar hotels in Guangzhou is as high as 2000-3000 yuan per room.