What he means is the service. You can eat food at home, so why do you eat at a restaurant? Sometimes a cheaper restaurant has better food than the more expensive, so why go to the more expensive? It's feeling & experience. That's the same reason why gastronomy food restaurants are so pricy - they are using chemistry and physics to create an experience.
You can experience it, by paying hundreds of dollars to sleep and eat breakfast, where other customers have slept and God knows how dirty these hotels are.
Nu Terra in America the rich old guys live in these hotels, in China, the old guys kids lives in these hotels haha just look at Chinese international students in the US
Way more than a billion people don't earn more than 20k. The median wage in US alone is around 30k to 40k. The two biggest countries by population, India and China have a GDP per capita much smaller than 20k.
I would like to encourage everyone watching this to shift to sustainable environment-friendly tourism. Support local small hotel business where every penny matters to the owner and his family. Be a mindful traveler.
I wonder how does it feel to have tHat kind of luxury? A 20k and a whopping 100k per night? Will it make a difference when u stayed in a cheaper one? U breathed the same air right? Or probably not...
@@Juventina82 - lol, tell that to a Chinese citizen. Who missed a debt payment and their Social Credit Score took a hit, and now they aren't allowed to board a train to visit their parents.
It's an English Channel... What if the Chinese manager doesn't speak good English, that's why they have English speaking managers as well. Isn't that complicated to figure out...lol
@@darrenh5745 nothing to do with english language. lol it's more about managing the hotels with western tastes for future "western" guests. this is not only in china if you go to dubai or uae the whole hotel business is run by germens 😉
@@Neftegna Partially agreed. But hotel that size must have multiple managers. Pretty sure for this video they just picked the ones who are not Chinese. If there are no Chinese managers, what if a Chinese customer needs to talk with a manager and the customer doesn't speak English?
@@darrenh5745 bro (Asians) from China to Indian they worship white people so anything high priced has white face attached to,Go to Dubai or any place in Asia it's the same
@@orinew6711 I've been to China before in 2017, they are very friendly, but I wouldn't call it worship... Especially in big cities, there are actually lots of westerners and they seems very used to it.
LightMagic: If you'll notice, the managers are also older. Could be that anyone looking to build a luxury hotel in China, wanted an EXPERIENCED manager, so they searched for those in western Europe who had years of experience managing luxury hotels. Luxury hotels are fairly new in China so it could be that they could not find "locals" who had the experience to know what wealthy travelers wanted. My guess would be that in a decade or two, we'll see more and more Chinese managing these luxury hotels once they've gained the experience of working in such hotels and worked their way up.
I think a Country's economic strength is best defined by its middle class or by the class of which the majority of people fall into. I believe it's more important to focus on the number of people not living in poverty or have had upward mobility per capita in any country.
They are the sons and daughter of the corrupt businessmen and government officials. 富二代和官二代。If the government is serious about corruption, it can start by investigating those who stays in these hotels, but of course it won’t happen unless someone is trying to get rid of a political enemy.
Tr c’mon man, I’m Chinese, and we all know how corrupt our country is, and these 20 and 30 year old kids throwing money around didn’t earn it themselves.
@@Trgn haha they def dont have to be corrupt but these kids definitely didnt earn that kinda money its just all rich parents who dont know how to parent and are left with these bougie-ass kids who dont do anything well in life
Shenzhen is just regular city in Guangdong province. So we don't count Shenzhen as single market. It is in stats in Guangdong province. Shanghai is a special administration city same level as province. And Beijing, Tianjin , Chongqing, are the rest of other 3 special city.
People will save up to 100,000 dollar stay hotel room for one night that's just outrageous. that view and the pool form the top was cool tho. I would just photoshop lol
I am 23 and I do bitcoins and I earn millions. Yes there are many who got help from their parents but there is still many who worked hard for their money. How we spend our money shouldn’t matter to others because we earned it.people always look at the surface but they don’t see our hard work behind the scene .if anything, this video should give people inspiration to work hard
I am 23 and I do bitcoins and I earn millions. Yes there are many who got help from their parents but there is still many who worked hard for their money. How we spend our money shouldn’t matter to others because we earned it.people always look at the surface but they don’t see our hard work behind the scene .if anything, this video should give people inspiration to work hard
Thank you for this amazing insights! would love to see more on outbound Chinese consumers and most countries they purchase for travel. Also their holidays periods and how long they are.
I am Chinese I didn’t stay in a luxury hotel for even one night The information provided in this video is very new to me China is a developing country The richest people is the reason I can’t afford a house easily as they do
The millennials staying at these hotels are not 'Sophisticated' as they say, rather most of them are just attention seeking youths or just want that Instagram worthy picture.
People who were blown away by the prices don't forget that those rooms are ENORMOUS, individuals wouldn't rent them, but a group of people would, why not. The last $100k/night room was so huge the host got lost, it can fit at least 50 people inside, if everyone splits the bill it's affordable
CHEERS! Awesome video. However, for some reason, Chao hotel seems the MOST unappealing to me. I don't know it seems so shabby even if its to "appeal" to millennials it just dont seem worthy in any aspect for the price.
You're SO Handsome. First thing I noticed about this Video. Keep making Videos and I loved this Video, because I always wanted to See a video like this about China.
China is not communist, not in name nor in practice, not officially nor unofficially. China is officially socialist (huge difference), with a capitalist market where the state plays a leading role. unofficially Chinese state ideology is a mix of socialism with Confucianism and Legalism.
Chao Zhu yeah yes please elaborate what do you mean by “communist politically”... the whole Marxism and Communist political ideologies center around a non-market/anti-market state controlled planned economy and a radical vision for equality. How can u be ‘politically communist’ when a country’s prosperity almost entirely attributed to its economic marketization, privatization and internationalization? market economy institutes rapid economic and obviously it is also bad for equality. Apparently China today prioritizes growth more than equality. Plus ‘bourgeoisie’ were allowed to gain CCP membership since the 1990s, that includes Jack Ma. So yeah China is very ‘politically communist’ as DPRK is a democratic republic. Period
Yes, and it's amazing how they've achieved so much under such governance, imagine if they become democratic one day, if they even need to be, the world will be their playground.
Yeah I guess. I am 23 and I do bitcoins and I earn millions. Yes there are many who got help from their parents but there is still many who worked hard for their money. How we spend our money shouldn’t matter to others because we earned it and to be honest we have tons to spend many just want a good experience wether it seems wasteful or not. people always look at the surface but they don’t see our hard work behind the scene .if anything, this video should give people inspiration to work hard I wanted to live life like this so I work hard there is not thing wrong with that. Sorry I seem rude but this is my honest opinion.
These dont look THAAAAT luxurious, they are just very EXPENSIVE (the $100,000 one is good but ABSOLUTELY not worth it). US and Dubai have better hotels that this.....I've visited them and you should too....they are really good and give you life-time experiences
I have seen a lot chinese tourists came to U.S. And bought tons of expensive luxury goods, simply because those are much cheaper than the price in china
Not all criticism should be dismissed as jealousy. I do recognize that there is a bias in western media against China, however China isn't perfect either
Just wondering... 1st, why does one stay at a room can cost up to 100K? I know it is super gorgeous but does it really worth it? 2nd, how can hotels get back their investments as the investments to the hardware are seemingly super high.
Many Chinese millennials are savvy investors especially in real estate and other income producing assets, this means more UHNW individuals. There will naturally be a boom in luxury hotels and bespoke concierge services such as Quintessentially.
People often forget China has been rich through out history. During ancient time, Rome and China did trading called the Silk Road and China was rich, the Roman Empire gave lots of gold and silvers to China for their silk, porcelain and artifacts. During the previous century, China was also rich when it sold tea to British Empire. In fact, the Brits were so obsessive with tea, they ran out of money to purchase more so they launch an Opium War on China, smuggling drugs into China and weakening their society before orchestrating a coalition of 7 countries (Spain, Portugal, France, Japan, etc) to launch an invasion to attack China and brought the country to its knees. And as China surrenders, some of these countries got a piece of China's land, Britain got Hong Kong, Japan occupy Taiwan, and Portugal got Macau. This is what China calls the 100 year of humiliation. China lost their golds and wealth as those nations took it. China now has rise back up. So what has China done when they have been a rich country in history? They have not invaded their neighbors, they could have easily conquer Japan, Laos, Vietnam, Thailand in ancient time when they were among the most powerful nation with the largest army and the only naval force in the China seas. China rather focus more on trades and relations with their neighbors. This is what China does when they are rich. So that is why China is focusing on their One Belt One Road Initiative which is call the modern day Silk Road, it will join all nations in Eurasia into an economic block so that all economies will be link and prosperity will spread. Of course the West, leading by US feels threaten by this development as China will emerge as the center of world economic power. So US who has been China's closest trading partner in the past now demonizes China like they do with Russia to stop China's growth. So we see the trade wars and the claims of Chinese companies spying and stealing. It's all about launching a new coalition to take down China as Britain successfully did a hundred years ago. But this time, China learned from their mistakes in history, have develop hyper-sonic missiles capable of nuking any countries within 30 minutes and these missiles cannot be stop since it's 8 times the speed of sound and can also maneuvers and changes direction in flight, therefore missile defense systems are not capable of stopping them. So China wants the US and those conspiring to take it down again, to realize if China has to they will nuke them all. And unfortunately, it seems the West is focus on pushing forward with their hostility. China and Russia then decides to become Allies, so with the backing of Russia also capable of nuking the entire world. Both of them are now telling USA to back off. However, the US isn't willing to share the world stage, it wants to remain the sole hegemony and superpower. In the past, the old superpower has often go to war with the rising power. Britain back when it was the superpower went to war with America. I hope this time due to nuclear capabilities of these nations, war will be averted. Humanity would end if the West and East ever go into World War 3. I hope peace and prosperity triumph. No matter which side you belong, there is no winning in a war. There's only death and destruction. This is one of the reason why China avoid wars at all cost, despite the UN going into wars in the Middle East, China doesn't join despite being part of the UN. In the East, the philosophy of peace is if your neighbors are doing well, they will not have reasons to attack you. So with their riches today, I hope to see China continue this philosophy and help other nations become prosperous like what they are doing in Africa and parts of South America.
Rich Chinese are everywhere now a day! Traveling, luxury, and even House markets in many countries, especially USA are dominated by Chinese and cash is the mantra!
@@jc-lj1tq That's like saying Seoul is part of North Korea simply because DPRK or ROK have both Korea in their names. Get this through your head: Taiwan is not part of mainland China (which the latter is the subject of this video)!
china only have 100 million travellers. very little. alot of them are poor. they go travel with their friends then 10 people live in the same hotel.. no money
Are you still living in 20th century? Only in 2018, there were 150 million Chinese traveling abroad. Anything wrong with traveling together or is your English too poor to express youself properly? Most of old people chose taking a group tour due to the language barrier and safety consideration.
@@xuchen4012 most of them have 1000 rmb in their pocket. very poor people. if 10 people live in the same room, they can split the cost. each person pay 10 rmb.
catonpillow: Not necessarily. I'm not jealous at all. I just kept thinking, "7 billion people in the world and the majority of them are living in poverty, and yet the "1%" are obviously LOOKING for ways to spend their money". Matter of fact, before I retired, I traveled for work quite often. I didn't stay at hotels like these, but I did stay at Hiltons, Marriotts, etc. At first, it was exciting and I'd enjoy checking out the room and the hotel. After a few times though, all I wanted was a hot shower in a clean bathroom and a reasonably-comfortable bed. Nowadays, I never hear the term "conspicuous consumption" anymore. Years ago, it was used often, and it referred to people with "new" money who spent it to impress others and show that they had "arrived". It was considered "tacky" to spend like that. The sad thing in this world is that how much money you have is now considered a MORAL issue. If you're poor, you're "less than" and not a good person. If you're wealthy, you're a GOOD PERSON, a good human being.
Indeed, the problem is not in the entrepreneurship itself but in the system that has risen it to a cult and the moral degradation that comes alongside it.
I am 23 and I do bitcoins and I earn millions. Yes there are many who got help from their parents but there is still many who worked hard for their money. How we spend our money shouldn’t matter to others because we earned it.people always look at the surface but they don’t see our hard work behind the scene .if anything, this video should give people inspiration to work hard
I am 23 and I do bitcoins and I earn millions. Yes there are many who got help from their parents but there is still many who worked hard for their money. How we spend our money shouldn’t matter to others because we earned it and to be honest we have tons to spend many just want a good experience wether it seems wasteful or not. people always look at the surface but they don’t see our hard work behind the scene .if anything, this video should give people inspiration to work hard I wanted to live life like this so I work hard there is not thing wrong with that. Sorry I seem rude but this is my honest opinion.
this guy really has the best job. staying in luxury hotels and visiting futuristic tech campuses around the world
@don't care Pregnancy?? It doesn't count I guess
CBNC would not pay a reporter $100000 to stay at these places for them alone. The CEO? Of course.
I'm quite certain he doesn't get to stay in the hotels. Probably just a visit and maybe a meal with the GM included.
what about jetlag
It's just a visit. He's not staying in the hotel.
Someday, it will be cheaper to go to space than staying overnight at these hotels.
nah, I don't think so.
I'm going to open a hotel in space
th-cam.com/video/UBEoyItSMJc/w-d-xo.html
Virgin Galactic is selling ticket for $250k and those prices are coming down.. Meanwhile the prices for hotel rooms are going up..
LOL, LOL, LOL, Yes.
My imagination was limited by my poverty condition
They said you guys are rich
hahahaha show off
贫穷限制了想象力哈哈哈哈
@luke wilson Sure. "Luke Wilson" hahaha
For those of you who don't know, this is a Chinese meme.
“They want the emotion of breakfast” What does this even mean 🤷♂️
just another marketing jargon that doesn't even make sense
The ambiance or feel of having breakfast maybe..haha
More bullshit basically.
What he means is the service. You can eat food at home, so why do you eat at a restaurant? Sometimes a cheaper restaurant has better food than the more expensive, so why go to the more expensive? It's feeling & experience. That's the same reason why gastronomy food restaurants are so pricy - they are using chemistry and physics to create an experience.
You can experience it, by paying hundreds of dollars to sleep and eat breakfast, where other customers have slept and God knows how dirty these hotels are.
"I want the experience of breakfast, I want the emotion of breakfast..." What you need is a good old slap in the face, not breakfast.
Best comment ever haha :)
U got it
🤣🤣🤣
After eating that annoying breakfast, you'll sh*t at least half of it out💩
Average age of ballers in US: 55 years old
Average age of ballers in China: 33 years old
Bruh....What!?!....Damn I need to start selling in Asia.
that's because in China, your parents money is your money, 1 child policy. in the US, no one knows who'll get what till last breath. LOL
Nu Terra in America the rich old guys live in these hotels, in China, the old guys kids lives in these hotels haha just look at Chinese international students in the US
@kingredmarlboro that's why I'm learning chinesee
My house doesn't even cost $100k.
@@realsemig lmao
no house +1
@Jhon Krasnovskiy name of the country??
Mines' half a mil. (inflation adjusted)
@@AyushSingh-zp2ey I live in the US (Cincinnati, Ohio) and my 3 bed/1 bath costs $50k. Yes, it's a house, not an apartment/condo/townhome.
More then a billion people in the world don't earn 20,000$ a year.
The amount of people should be much larger
@@user-bk9tl3pt5c
you right 禾 , it can reach 4 billion people and these rich people are the people who responsible of climate change.
Sounds like a personal problem.
Way more than a billion people don't earn more than 20k. The median wage in US alone is around 30k to 40k. The two biggest countries by population, India and China have a GDP per capita much smaller than 20k.
Zakariye batalaale more like 5+ billion.
I would like to encourage everyone watching this to shift to sustainable environment-friendly tourism. Support local small hotel business where every penny matters to the owner and his family. Be a mindful traveler.
But there is not much information when someone is planning a visit to china
karri karthik cause you never plan it, thats why
100k for "element of discovery" ..well my wallet won't be happy with that discovery.
I wonder how does it feel to have tHat kind of luxury? A 20k and a whopping 100k per night?
Will it make a difference when u stayed in a cheaper one? U breathed the same air right? Or probably not...
dranreb zeravla now that’s what average people don’t understand, what you’re saying is driving a Toyota is same as driving a Bentley. It’s not.
We've come to the point that 20K per night is considered the cheaper alternative
Everyone is free in this world to live life the way they want, some people like 1$ rooms others 100K.. there's no need to analyze freedom of choice.
@@Juventina82 - lol, tell that to a Chinese citizen. Who missed a debt payment and their Social Credit Score took a hit, and now they aren't allowed to board a train to visit their parents.
If I'm that rich to afford $100k a night, I'll just buy a house in the country that I want to travel. And sell it later to get profits.
The amenities in the so-called luxury hotels are just not appealing enough
I love when he said: I'm rich and you're not
*That was so hot* 😍
I just ate biscuits with my green tea as dinner. Thank you CNBC for making fun of me.
so there are no chinese hotel managers in china? 😂
It's an English Channel... What if the Chinese manager doesn't speak good English, that's why they have English speaking managers as well. Isn't that complicated to figure out...lol
@@darrenh5745 nothing to do with english language. lol it's more about managing the hotels with western tastes for future "western" guests. this is not only in china if you go to dubai or uae the whole hotel business is run by germens 😉
@@Neftegna Partially agreed. But hotel that size must have multiple managers. Pretty sure for this video they just picked the ones who are not Chinese. If there are no Chinese managers, what if a Chinese customer needs to talk with a manager and the customer doesn't speak English?
@@darrenh5745 bro (Asians) from China to Indian they worship white people so anything high priced has white face attached to,Go to Dubai or any place in Asia it's the same
@@orinew6711 I've been to China before in 2017, they are very friendly, but I wouldn't call it worship... Especially in big cities, there are actually lots of westerners and they seems very used to it.
3:09 man needs to practice his pool shot
Is it just me or are these brands condescending when only hiring Managers with foreign accents to emphasize their exclusivity? I find that racists!
"You will always find what you are looking for" Confucius (probably)
LightMagic: If you'll notice, the managers are also older. Could be that anyone looking to build a luxury hotel in China, wanted an EXPERIENCED manager, so they searched for those in western Europe who had years of experience managing luxury hotels. Luxury hotels are fairly new in China so it could be that they could not find "locals" who had the experience to know what wealthy travelers wanted. My guess would be that in a decade or two, we'll see more and more Chinese managing these luxury hotels once they've gained the experience of working in such hotels and worked their way up.
I think a Country's economic strength is best defined by its middle class or by the class of which the majority of people fall into. I believe it's more important to focus on the number of people not living in poverty or have had upward mobility per capita in any country.
This video completely changed my views towards china
I feel like the young chinese Millennials theyre showing that stay at these hotels are the same ones that show up to my 8am lectures in Gucci smh
Are you regretting having chosen academia over business for career?
They are the sons and daughter of the corrupt businessmen and government officials. 富二代和官二代。If the government is serious about corruption, it can start by investigating those who stays in these hotels, but of course it won’t happen unless someone is trying to get rid of a political enemy.
@@xiphoid2011 Sour grapes. Anyone richer than you must be corrupted lol. China has a huge economy.
Tr c’mon man, I’m Chinese, and we all know how corrupt our country is, and these 20 and 30 year old kids throwing money around didn’t earn it themselves.
@@Trgn haha they def dont have to be corrupt but these kids definitely didnt earn that kinda money its just all rich parents who dont know how to parent and are left with these bougie-ass kids who dont do anything well in life
Love from Australia 🇦🇺
I can walk past these hotels without spending a penny!
Because you can't
"100,000 DOLLAR PER NIGHT" that's insane
They forgot Shenzen. Not mentioned in the video. It is bigger than Bejing & Hongkong in total GDP as well as per capita.
Shenzhen is just regular city in Guangdong province. So we don't count Shenzhen as single market. It is in stats in Guangdong province. Shanghai is a special administration city same level as province. And Beijing, Tianjin , Chongqing, are the rest of other 3 special city.
People will save up to 100,000 dollar stay hotel room for one night that's just outrageous. that view and the pool form the top was cool tho. I would just photoshop lol
I am 23 and I do bitcoins and I earn millions. Yes there are many who got help from their parents but there is still many who worked hard for their money. How we spend our money shouldn’t matter to others because we earned it.people always look at the surface but they don’t see our hard work behind the scene .if anything, this video should give people inspiration to work hard
You really do have a hard job
Chinese are becoming experts at wasting and squandering money: CONGRATS!
I am 23 and I do bitcoins and I earn millions. Yes there are many who got help from their parents but there is still many who worked hard for their money. How we spend our money shouldn’t matter to others because we earned it.people always look at the surface but they don’t see our hard work behind the scene .if anything, this video should give people inspiration to work hard
CHINA, is leaving the U.S. and the U.K. at SHAME.
Thank you for this amazing insights! would love to see more on outbound Chinese consumers and most countries they purchase for travel. Also their holidays periods and how long they are.
Hotel at guest's car: I will guide you in the journey to your room.
Rich guest: here's $20,000.
Wow! China is way ahead of India.
We are talking about 3T Indian economy vs 15T chinese economy. India is nowhere to be found.
I am Indian but there is a big difference between China and India
I am Chinese
I didn’t stay in a luxury hotel for even one night
The information provided in this video is very new to me
China is a developing country
The richest people is the reason I can’t afford a house easily as they do
Same everywhere
20k a night? damn thats my annual rent
The millennials staying at these hotels are not 'Sophisticated' as they say, rather most of them are just attention seeking youths or just want that Instagram worthy picture.
Rich brats who brags in social media with their parents' money.
Cnbc better give this guy an increase, their videos are so much better wih him as the host.
Thank you! Check out my personal channel @Uptin
People who were blown away by the prices don't forget that those rooms are ENORMOUS, individuals wouldn't rent them, but a group of people would, why not. The last $100k/night room was so huge the host got lost, it can fit at least 50 people inside, if everyone splits the bill it's affordable
CHEERS! Awesome video. However, for some reason, Chao hotel seems the MOST unappealing to me. I don't know it seems so shabby even if its to "appeal" to millennials it just dont seem worthy in any aspect for the price.
Please Sir , get out 05:53
😁😁 get out you western millennium lmao
Here I am watching this video in my 24 USD a night room in Hong Kong ...I guess I saved a lot of money tonight ..! 😂😂
Yeah, but when you woke up the next morning, I bet you didn't feel the emotional experience of breakfast.
@@murc111 HaHa
You're SO Handsome. First thing I noticed about this Video. Keep making Videos and I loved this Video, because I always wanted to See a video like this about China.
Thank you! Check out my personal channel @Uptin for more content!
Thank you for the updates
I need big doors like that for my future house with an entrance like that.
5:56 please this way sir
😂😂 rediculous
That moment when you realize China is still officially "communist" lol
China is not communist, not in name nor in practice, not officially nor unofficially.
China is officially socialist (huge difference), with a capitalist market where the state plays a leading role.
unofficially Chinese state ideology is a mix of socialism with Confucianism and Legalism.
Chao Zhu yeah yes please elaborate what do you mean by “communist politically”... the whole Marxism and Communist political ideologies center around a non-market/anti-market state controlled planned economy and a radical vision for equality. How can u be ‘politically communist’ when a country’s prosperity almost entirely attributed to its economic marketization, privatization and internationalization? market economy institutes rapid economic and obviously it is also bad for equality. Apparently China today prioritizes growth more than equality. Plus ‘bourgeoisie’ were allowed to gain CCP membership since the 1990s, that includes Jack Ma. So yeah China is very ‘politically communist’ as DPRK is a democratic republic. Period
Yes, and it's amazing how they've achieved so much under such governance, imagine if they become democratic one day, if they even need to be, the world will be their playground.
Aschraffff China is fully capitalist
Only the ruling party called communism. The system is "Chinese style socialism "
The Chinese young people really knows how to enjoy life
Yeah I guess. I am 23 and I do bitcoins and I earn millions. Yes there are many who got help from their parents but there is still many who worked hard for their money. How we spend our money shouldn’t matter to others because we earned it and to be honest we have tons to spend many just want a good experience wether it seems wasteful or not. people always look at the surface but they don’t see our hard work behind the scene .if anything, this video should give people inspiration to work hard I wanted to live life like this so I work hard there is not thing wrong with that. Sorry I seem rude but this is my honest opinion.
Offering a style of life to those who have an empty one.
I don't understand why someone could pay all this money to sleep one night in well designed room
China's luxury hotel has been booming for 20 or so years.
Such ultra Luxury people could never imagine.......a pool table and staff wearing trainers.
I am happy for China enjoy you Wealth, you guys work hard 😓
I wonder why I'm watching this video, knowing perfectly well that these hotels are going to get roasted in the comments 🤣🤣🤣
Sir in india very big protest against CAA please help me.
These dont look THAAAAT luxurious, they are just very EXPENSIVE (the $100,000 one is good but ABSOLUTELY not worth it). US and Dubai have better hotels that this.....I've visited them and you should too....they are really good and give you life-time experiences
China’s luxury hotel boom: “from the Bvlgari hotel in Shanghai, to the Rosewood in Hong Kong” pickin at the scab eh
Even if I had the money I wouldn't spend that much for a room. Even if you have money to throw away, you should really not take it for granted.
Woe is coming is those who enjoy luxury without concern for the poor and needy.
Sadly if there's no poor and needy, luxury will not exist anymore.
“The notion of not creating hotels, but truly creating big family residences”
Woh!!!! I wanna corporate this idea into Japan!!!
Good to watch Uptin after a long time on CNBC.
I have seen a lot chinese tourists came to U.S. And bought tons of expensive luxury goods, simply because those are much cheaper than the price in china
none of these even come close to barneys apartment.
Little do we know what happens after one month
Dude needs to up his pool game lmao
This felt like an advertisement to me!
I don't get why so many jealous people in comments section
I'm inspired by the Chinese growth and success story
Because China should be a farmer country controlled by a demon party with kungfu men and pandas in their minds. XD
Not all criticism should be dismissed as jealousy. I do recognize that there is a bias in western media against China, however China isn't perfect either
CNBC: China National Broadcasting Corporation
No, it's Consumer News and Business Channel.
China may well be leading the world in the hospitality industry.
Ahhhh yes, just what they need. Luxury hotels. MEANWHILEEEEEEEEE
The hotels mentioned are far better than the Motel 6 I stay at when I travel. I need a serious upgrade.
Just imagine the high-class escorts you can get for these prices 🤣
Whatever goes up will come down...... boom, there goes the big bubble
Good time for businesses to have a glance of what Indian market would be in a decade or so.
$100.000/ night😱😱😱. Then i think what can i do with $100.000 😂😂😂
100000 for one night thats totally crazy
I love shanghai too
Just wondering... 1st, why does one stay at a room can cost up to 100K? I know it is super gorgeous but does it really worth it? 2nd, how can hotels get back their investments as the investments to the hardware are seemingly super high.
Envy him, traveling in free of cost
The experience of breakfast??gotta be kiddin me
Perhaps this is before the nCoV outbreak, how do these hotels managed and survive with the outbreak, China might be proving to be a higher risk then
‘They are very well educated / sophisticated” translation - “great suckers”
Many Chinese millennials are savvy investors especially in real estate and other income producing assets, this means more UHNW individuals. There will naturally be a boom in luxury hotels and bespoke concierge services such as Quintessentially.
i would have not used that shot of him breaking the balls on the pool table. But good video overall.
China got rich.
Let's see how they handle it .
People often forget China has been rich through out history. During ancient time, Rome and China did trading called the Silk Road and China was rich, the Roman Empire gave lots of gold and silvers to China for their silk, porcelain and artifacts. During the previous century, China was also rich when it sold tea to British Empire. In fact, the Brits were so obsessive with tea, they ran out of money to purchase more so they launch an Opium War on China, smuggling drugs into China and weakening their society before orchestrating a coalition of 7 countries (Spain, Portugal, France, Japan, etc) to launch an invasion to attack China and brought the country to its knees. And as China surrenders, some of these countries got a piece of China's land, Britain got Hong Kong, Japan occupy Taiwan, and Portugal got Macau. This is what China calls the 100 year of humiliation. China lost their golds and wealth as those nations took it. China now has rise back up. So what has China done when they have been a rich country in history? They have not invaded their neighbors, they could have easily conquer Japan, Laos, Vietnam, Thailand in ancient time when they were among the most powerful nation with the largest army and the only naval force in the China seas. China rather focus more on trades and relations with their neighbors. This is what China does when they are rich. So that is why China is focusing on their One Belt One Road Initiative which is call the modern day Silk Road, it will join all nations in Eurasia into an economic block so that all economies will be link and prosperity will spread. Of course the West, leading by US feels threaten by this development as China will emerge as the center of world economic power. So US who has been China's closest trading partner in the past now demonizes China like they do with Russia to stop China's growth. So we see the trade wars and the claims of Chinese companies spying and stealing. It's all about launching a new coalition to take down China as Britain successfully did a hundred years ago. But this time, China learned from their mistakes in history, have develop hyper-sonic missiles capable of nuking any countries within 30 minutes and these missiles cannot be stop since it's 8 times the speed of sound and can also maneuvers and changes direction in flight, therefore missile defense systems are not capable of stopping them. So China wants the US and those conspiring to take it down again, to realize if China has to they will nuke them all. And unfortunately, it seems the West is focus on pushing forward with their hostility. China and Russia then decides to become Allies, so with the backing of Russia also capable of nuking the entire world. Both of them are now telling USA to back off. However, the US isn't willing to share the world stage, it wants to remain the sole hegemony and superpower. In the past, the old superpower has often go to war with the rising power. Britain back when it was the superpower went to war with America. I hope this time due to nuclear capabilities of these nations, war will be averted. Humanity would end if the West and East ever go into World War 3. I hope peace and prosperity triumph. No matter which side you belong, there is no winning in a war. There's only death and destruction. This is one of the reason why China avoid wars at all cost, despite the UN going into wars in the Middle East, China doesn't join despite being part of the UN. In the East, the philosophy of peace is if your neighbors are doing well, they will not have reasons to attack you. So with their riches today, I hope to see China continue this philosophy and help other nations become prosperous like what they are doing in Africa and parts of South America.
china and india were super rich before 1800, its reclamation of the spot
The luxury in Chinas hotel is having to holes to sleep in instead of one
We all want the emotion of breakfast. You notice how the more expensive (& bigger) homes are, the more they're like hotels.
Rich Chinese are everywhere now a day! Traveling, luxury, and even House markets in many countries, especially USA are dominated by Chinese and cash is the mantra!
Mariaangelina14 here In the U.K. aswell All I see inside a designer store are Chinese people
And you see some here say this is PURE BS! Go figure!
They only cared about Rich people, After they see a Kid got kidnapped they didn't even report but they just laughed off.
8:25 expectation and reality 2020
1:38 Taipei isn't part of China though.
Neither are Macau or Hong Kong tbh
Taipei is capital city of the Republic of China.
Mauri Vidovic I mean they’re SARs so technically yeah they are a part of China
Lol it is part of China but different government controlling it no matter if it is PRC or ROC is still China
@@jc-lj1tq That's like saying Seoul is part of North Korea simply because DPRK or ROK have both Korea in their names.
Get this through your head: Taiwan is not part of mainland China (which the latter is the subject of this video)!
and we got people livin on the streets
I’ve stayed at the Saint Regis in Frisco amazing 15k a night Customer service out of this world
You Shanghai, I shang low
china only have 100 million travellers. very little. alot of them are poor. they go travel with their friends then 10 people live in the same hotel.. no money
Are you still living in 20th century? Only in 2018, there were 150 million Chinese traveling abroad. Anything wrong with traveling together or is your English too poor to express youself properly? Most of old people chose taking a group tour due to the language barrier and safety consideration.
@@xuchen4012 most of them have 1000 rmb in their pocket. very poor people. if 10 people live in the same room, they can split the cost. each person pay 10 rmb.
@@xuchen4012 you can talk to me in africa language. i know it
@@xuchen4012 你看他头像就知道是个活在上世纪的老古董。XD
@Chen Uy as you said, GDP does not measure quality of life
I don,t know what happen with those hotel after Covid 19
Boy you are lucky coronavirus was just near you and you didn,t know
I see a lot of jealousy in the comment section :)
catonpillow: Not necessarily. I'm not jealous at all. I just kept thinking, "7 billion people in the world and the majority of them are living in poverty, and yet the "1%" are obviously LOOKING for ways to spend their money". Matter of fact, before I retired, I traveled for work quite often. I didn't stay at hotels like these, but I did stay at Hiltons, Marriotts, etc. At first, it was exciting and I'd enjoy checking out the room and the hotel. After a few times though, all I wanted was a hot shower in a clean bathroom and a reasonably-comfortable bed.
Nowadays, I never hear the term "conspicuous consumption" anymore. Years ago, it was used often, and it referred to people with "new" money who spent it to impress others and show that they had "arrived". It was considered "tacky" to spend like that. The sad thing in this world is that how much money you have is now considered a MORAL issue. If you're poor, you're "less than" and not a good person. If you're wealthy, you're a GOOD PERSON, a good human being.
Indeed, the problem is not in the entrepreneurship itself but in the system that has risen it to a cult and the moral degradation that comes alongside it.
I am 23 and I do bitcoins and I earn millions. Yes there are many who got help from their parents but there is still many who worked hard for their money. How we spend our money shouldn’t matter to others because we earned it.people always look at the surface but they don’t see our hard work behind the scene .if anything, this video should give people inspiration to work hard
@@Dashomin Well I don't think trading bitcoins can be qualified exactly as a hard work but you're on point otherwise :) Cheers bud!
I swear one day we will not have oxygen to breath and what we will do with all this ☹️
This channel needs a stabilizer for the cam so bad......
I'm a big fan of China because I really like Concentration Camps
Then you should be a fan of Germany and USA. So better change your fandom now
What makes it worth 20k/100k a night? Finally, we produced a generation that does not understand value. Good accomplishment fellow humans.
I am 23 and I do bitcoins and I earn millions. Yes there are many who got help from their parents but there is still many who worked hard for their money. How we spend our money shouldn’t matter to others because we earned it and to be honest we have tons to spend many just want a good experience wether it seems wasteful or not. people always look at the surface but they don’t see our hard work behind the scene .if anything, this video should give people inspiration to work hard I wanted to live life like this so I work hard there is not thing wrong with that. Sorry I seem rude but this is my honest opinion.
China has alot of rich young people , high contrast compared to rest the world
luxury is a state of mind