Budget hotels planning to grow overseas units

Leading budget hotel company Hangzhou Zhuyou Hotel Management Co Ltd is stepping up its globalization pace to grab the opportunity from China's outbound travel boom, CEO Zhu Hui told China Daily.

"As outbound travel becomes more popular, we are speeding up moves to go abroad with Chinese tourists," said Zhu.

The company, which operates under the Pod Inn and Zhotels brands, has just opened a new Pod Inn in Los Angeles, becoming the first Chinese budget hotel chain in the United States market. It offers accommodations at a price between $80 and $90 per night.