China's booming budget hotels profit from no frills
SHANGHAI – German engineer Michael Bosch is not fazed by the lack of a gym and other creature comforts at his budget hotel in a converted Shanghai office building. He’s stayed at such hotels on nearly a dozen trips to Chinese cities. SHANGHAI – German engineer Michael Bosch is not fazed by the lack of a gym and other creature comforts at his budget hotel in a converted Shanghai office building. He’s stayed at such hotels on nearly a dozen trips to Chinese cities. “All I need is a clean, warm place to sleep. I don’t care so much about service,” the 32-year-old said as he waited f...