The best business advice, opinion, news and expertise in Greater Manchester and further afield.

Tuesday, 3 March 2009

Closure of the Yang Sing Hotel

by Chris Fletcher, Deputy Chief Exec.

I don’t believe the closure of the Yang Sing is due to a particular problem with business in China Town - it was a case of bad timing having opened just as the economic downturn was starting to bite. Rather it is a reflection of the wider economic situation across the country.

Just because the Yang Sing has closed, it doesn’t automatically mean that other boutique hotels will follow suit. The Yang Sing was in a unique position, in that it was trying to attract customers to a brand new hotel during a period of great economic uncertainty.

Established hotels are in stronger position as they have already built up a reputation and a client base. Moreover there is still strong demand for hotel accommodation in Manchester and this will be boosted by the forthcoming Conservative Party Conference.

No comments:

Post a Comment