The US hospitality group opened its second Waldorf Astoria in Shanghai this week, the third city in the world to have two such properties.

Global hotel chain operator Hilton plans to double down on brands that can meet evolving lifestyle demands and offer luxury experiences in mainland China, reinforcing its rapid expansion in the world’s second-largest economy. Qian Jin, president of Hilton Greater China and Mongolia, said in an interview this week that the US hospitality group remained bullish on the mainland’s market, where Gen Z consumers and millennials’ pursuit of cultural and personal enrichment created a new growth engine…

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