Lone Chinese hotelier finds a way to dodge purge on extravagance

New York

PRESIDENT Xi Jinping's crackdown on fancy feasts and penthouse suites has decimated China's hospitality industry. With one notable exception.

China Lodging Group Ltd is the only Chinese hotelier to have gained in 2016. The Shanghai-based hotel operator has risen 23 per cent to US$38.43 so far this year, making it the fifth strongest performer within the Bloomberg-China Index, which tracks Chinese stocks traded in the US.