Hal Greengate, convenient transportation in the Guangfo area

"During the Canton Fair, the price of four-star hotels in Guangzhou is over 600 yuan per room, while in Foshan, the four-star hotels are only about 500 yuan per room," said a relevant person in charge of Jin Cheng Grand Hotel. According to reports from Foshan Poly InterContinental Hotel and Heng An Swiss Grand Hotel, the business room rate during the Canton Fair is 1,168 yuan per room, whereas in Guangzhou, the same type of hotel has rates as high as 2,000 to 3,000 yuan per room.

Available data shows that Hyatt Group is currently the largest private hotel company globally 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 areas of major cities.

Established in 1997, Yintai Group is headquartered in Beijing, focusing on retail, real estate, and resource industries as its three core sectors. It owns several listed companies with a total market value of approximately 27 billion yuan. The main holding enterprises under the company include: Yintai Department Store (Group) Co., Ltd., Yintai Holding Co., Ltd., Beijing Yintai Real Estate Development Co., Ltd., Beijing Yintai Property Co., Ltd., and Beijing Yintai Yonghe Real Estate Development Co., Ltd., etc. The Beijing Yintai Center built by Yintai integrates Class A office buildings, five-star hotels, and high-end malls, and has now become a landmark building in Beijing's CBD.

In November 2006, "Yintai System" subsidiary S Science City jointly increased capital investment with Hyatt International Asia Limited, a subsidiary of Hyatt International Group, into the owner company of Beijing Yintai Park Hyatt Hotel (located at Beijing Yintai Center), Beijing Keshengyuan Investment Co., Ltd. Beijing Keshengyuan will be renamed Beijing Yintai Hotel Industry Co., Ltd., becoming a subsidiary mainly responsible for hotel management under Yintai Group.

Besides lower prices, the convenient transportation in the Guangdong-Foshan area is also an important reason why Foshan's star-rated hotels can compete with Guangzhou's high-end hotels. Taking Foshan Poly InterContinental Hotel as an example, it takes only a 28-minute drive to the Pazhou exhibition hall of the Canton Fair and a 40-minute drive to Guangzhou New Baiyun International Airport. "I used to stay near Guangzhou Railway Station; going to Pazhou would take over an hour if there was traffic. Since the autumn fair last year, I have been staying at hotels in Foshan. It only takes about 40 minutes to get to Pazhou, which is more convenient than coming from downtown Guangzhou," said Mr. Long from Chongqing.

The head of Yintai, Shen Guojun, is a genuine Zhejiang businessman, born in Ningbo in 1962. In 1996, after leaving the Construction Bank, he founded Yintai Investment and began making significant moves in the department store industry and capital markets.

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Analysis: Star-rated hotels are cheaper than Guangzhou, and round-trip travel is also convenient.

To conveniently shuttle guests to and from the Canton Fair, star-rated hotels such as Heng An Swiss Grand Hotel, Poly InterContinental Hotel, Foshan Holiday Inn, and Jin Cheng Grand Hotel have all set up shuttle buses during the Canton Fair period, providing morning drop-offs and evening pickups.