China’s Bankers Ditch Global Hotel Chains as Travel Budgets Bite

These days, Shanghai-based banker Jason Zhang can no longer stay at the Westin hotel in downtown Beijing’s financial district after his company cut its travel budget. Instead, he had to settle for a cheaper domestic hotel chain.

To his surprise, the discount in room rate didn’t lead to a discount in experience. Yes, the expansive breakfast buffet is gone, but Zhang relishes the local dishes served at the domestic chain Atour. Its pillows and comforters are so popular that many guests buy them after checking out. There’s no scramble to pack and leave in the morning as checkout can wait until 6 p.m.