Martin Tolan, the chief operating officer of Anantara Vacation Club, a subsidiary of Minor International, says that his company plans to buy up many hotel properties in China with the goal of making inroads into tourism in that country.
The company hopes to buy properties around Sanya, Guilin and Lijiang as well as around the under-construction Disney theme park near Shanghai. His company operates on the shared ownership or timeshare concept, which has long existed in the US and Western Europe, has only recently come to Asia. However, it has been taking off, as nearly 50% of the Vacation Club’s 7000 members come from China or Hong Kong. China is a particularly good fit for the company, as unlike Malaysia and Singapore, it has essentially no regulations of the timeshare industry.
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Thailand’s Anantara Vacation Club eyes China expansion | South China Morning Post