Homogeneous Competition in China’s Budget Hotel Industry

China’s budget hotel industry, which has less than 10 years’ history, has again come under the limelight. On one hand, it is the domestic giant Home Inn on an acquisition spree; on the other hand it is the rapid expansion of international predators. In less then 4 years, the number of budget hotels in China had grown from 166 in 2004 to 1476 in October 2007, almost a 1000% growth. As the industry becomes more mature, many problems previously swept Read More

8 Amazing Green Buildings in the World – 2015

The Bullitt Center built by the Bullitt Foundation, a Seattle-based non-profit group that focuses on urban ecology was officially opened on Earth Day, 2013. It is certified as one of the world’s 21 Living Buildings, i.e. the building generates as much energy as it consumes; supplies its own water, and processes its own sewage. The rooftop solar panels produce more power than is consumed. Two years since it was occupied, the building’s energy-efficiency is commendable; with the building generating 60% Read More