Swiss International Hotels & Resorts Announce Expansion in Greater China

Z?rich (CH)/Xiamen (CN) (PRWEB) January 26, 2012

Swiss International Hotels today announced it has signed an agreement with HuaYuan Group of Xiamen, China to develop Swiss International Hotels in Greater China. The transaction, assisted by Rockwood Associates LLC, Portland, USA (http://www.rockwd.com/), is part of both companies? shared strategy to capture the tremendous growth opportunities within China, the fastest growing hotel market in the world.

HuaYuan Group owns the 588-room Wyndham Hotel in Xiamen (http://www.wyndhamxiamen.com/ ) along with three other luxury hotels currently under development in China. Under the Swiss International Hotel brand, the company will now directly own and manage hotels, offering guests the next generation of luxury stay experience with superior facilities steeped in sustainable design, high-grade technology, revolutionary loyalty programs and consistent delivery of Swiss-quality services.

?For some time, we have wanted to branch out with our own brand,? said Mr. Benjamin Yan, Chairman of HuaYuan. ?Swiss International Hotels is especially appealing to us for its reputable characteristics of quality, reliability and service associated with Swiss hospitality standards which are exactly the same elements we identify with and want our guests to experience in our hotels. In this way, our vision and desire to expand in China matched completely with Swiss International?s vision to expand in Asia.?

Swiss International Hotels & Resorts has recently restructured to expand its business in Europe, Middle East, Africa and Asia. The Company is active in management, franchise and affiliation with currently 30 affiliated hotels in Europe, the Middle East and Africa.

Mr. Hans Kennedie, CEO of Swiss International added: ?Over the last 12 months, we have prepared the company and the brand for strategic expansion. It is our goal to create a global company with hotels around the world, which exemplify typical Swiss values and standards. We are proud to be associated with the HuaYuan Group for expansion in such an important market as China. We expect to continue our global expansion through other similar agreements with quality partners such as HuaYuan Group in other key areas of the world.?

About HuaYuan Holdings:

HuaYuan Holdings is one of the leading Real Estate Construction and Development Companies in China. The Company has developed and built numerous residential and commercial mixed-use projects in Xiamen, Nanchang, Wuhan, Guiyang and Kunming. Its own 588-room luxury hotel in downtown Xiamen (http://www.whatsonxiamen.com/), facing the water, is the best performing hotel in Xiamen while its 56-story luxury hotel in Nanchang will be the tallest hotel in Jiangxi Province upon completion in 2013 (http://www.travelchinaguide.com/cityguides/jiangxi/nanchang/).

About Swiss International Hotels & Resorts:

Swiss International Hotels & Resorts is currently associated with over 30 hotels in Switzerland, Germany, the Netherlands, the Middle East and Africa. The company is headquartered in Gland, Switzerland.

Swiss International is also active in operating hotels in Europe under the upscale Swiss International (http://www.swissinternationalhotels.com) and mid-market Spirit Inn (http://www.spiritinns.com) brands.

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Related Performance Parts Press Releases

Attorneys in China: IBISWorld Report Now Updated

Los Angeles, CA (PRWEB) January 28, 2012

Revenue within the Attorneys industry in China increased by an estimated 10.6% in 2011 to $ 6.11 billion, with annualized growth of 11.8% since 2006. Slower growth in 2010 was the result of the global financial crisis, with individuals and households limiting expenditure on legal issues.

The number of law firms in China increased steadily in the past few years, from 13,593 in 2007 to a forecast 15,600 in 2011. Over 70% of law firms in China are partnerships. They provide legal services for litigation in civil, commercial and criminal actions. Non-litigious legal services such as those for mergers and acquisitions, bankruptcies and IPOs are becoming an important part of many businesses.

Large Chinese law firms are developing international businesses through partnerships with foreign law firms. Some have established offices in foreign countries. Most law firms are located in China's major cities, such as Beijing, Shanghai, Shenzhen and Guangzhou, where many client businesses are active and large corporate clients are headquartered.

IBISWorld estimates that revenue in 2016 will amount to $ 9.87 billion, increasing at an average annualized rate of 10.1%.

For more information, including profit levels, market shares, product segmentation and more, purchase IBISWorld?s full report on the Attorneys industry in China for $ 825 at ibisworld.com.

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Attorneys in China ? Key Report Topics

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About IBISWorld Inc.

Recognized as the nation?s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on 200 Chinese industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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