The Symbiosis Between Hotels, Retail and Pursuing the 'China Wallet' Strategy

Kosmopolito Hotels International Ltd President Ms.Winnie Chiu discusses:

- The impetus for this (HK-based and 23-strong hotel company's) move abroad;
- Market positioning in 3- and 4- star range;
- Margins - reasons for outsourcing of its outlets;
- The focus on retail;
- Its ‘value’ hotel brand, Silka - room keys that double as discount cards - minibar items at supermarket prices;
- Growth strategy of either building properties from scratch or taking over abandoned buildings;
- Turnaround expertise;
- Possibly setting up in Sabah;
- Growth outside of HK and which includes Malaysia - London expansion;
- Retail and the 'Chinese Wallet' strategy;
- The plan for Singapore;
- Asian property and construction outlook for 2012.