Hoteliers move to reap anticipated dividends from B

Experts hailed the Belt and Road Initiative as a huge boon to the tourism and hospitality sectors at a recent industrial summit, and the hotel industry is now moving to reap the anticipated benefits.

"From the perspective of investors, the initiative is of far-reaching significance (to hoteliers)," He Cao, co-chairman of Asia Hotel Forum, told the 2017 AHF Hotel and Travel Investment Summit held in Beijing in late September.

China is forecast to report about 700 million outbound visits over the next five years, according to the China National Tourism Administration.