Tourism is blossoming in China, so it's no surprise that this Chinese budget-hotel chain has been growing, too. Revenues for the company increased nearly 22% in 2010; in its most recent quarter, that figure was 12% higher than in the same quarter last year. Home Inns plans to expand from 934 hotels as of June 30 to about 1,100 by the end of 2011, some of which will come from the acquisition of another economy hotel operator, Motel 168.

Home Inns is also diversifying into higher-end lodging categories. In November, it partnered with Yitel, a midscale Chinese hotel operator. And over the next five years, it plans to open 50 new facilities to accommodate the growing demand for finer establishments.