Industry Analysis & Industry Trends
In the five years through 2012, the Hotel industry in China has been growing 6.3% on average to an estimated $38.8 billion. However, growth has been volatile over the period due to a number of macro-economic conditions like the global recession in 2009 and non-economic factors like natural disasters and strict visa limits during the 2008 Beijing Olympic Games. A particularly bright year for the industry was 2010, due to the Shanghai Expo and the Guangzhou Asian Games, which resulted in a surge in foreign tourists entering the county.
Foreign enterprises have a significant impact on the industry's development, and have introduced brand and chain management concepts and high service standards to China.... purchase to read more
Industry Report - Industry Analysis Chapter
The Hotel industry in China has developed rapidly over the five years through 2012, driven by greater numbers of domestic and international tourists, and increasing living standards and per capita spending for tourism. Higher room prices, greater demand for services and quality, and industry deregulation have also helped revenue growth. The 2008 Beijing Olympics and the 2010 Shanghai World Expo boosted the industry's development by spurring significant investment in fixed assets and network expansion. ACMR-IBISWorld estimates that in the five years through 2012, industry revenue has even rising at an annualized rate of 6.3% to $38.8 billion... purchase to read more