Luxury hotel group planning expansion

Luxury hotel group Kempinski Hotels, is doubling the number of hotels under its management in China over the next three years to capitalize on the nation's fast economic recovery, said a top company official yesterday.

The German firm is also launching a new five-star hotel brand called Nuo exclusively for the Chinese market.

"We have 11 hotel properties under operation (in China), and we will add 12 more to our line up over the next three years," said Reto Wittwer, president and chief executive officer of Kempinski.