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Hotels in China: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hotels Market Research Report | May 2016

IBISWorld’s Hotels market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$59bn
Annual Growth 11-16
8.0%
Annual Growth 16-21
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Profit
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Employment ('000)
2,476
Businesses
17,870
Industry Analysis & Industry Trends

In the five years through 2016, the Hotel industry in China has been growing 8.0% on average to an estimated $58.6 billion. However, growth has been slowing over the period. 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. After three years of decline from 2012 to 2014, the number of international tourists increased by 3.5% in 2015.

Foreign enterprises, which have a significant impact on the industry's development, have introduced brand and chain management concepts and high service standards to China. They have strong and dominant positions in the high-end market, but have recently started moving into the lower-star rated segments.... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Hotel industry in China has developed solidly for over 20 years and is in the mature phase of its life cycle. Strong growth over the past decade was the result of market deregulation earlier in the decade and the expansion of chain operation businesses.

Industry value added is expected to experience gradual slower growth in the ten years through 2021, increasing at an average annualized rate of 6.7%. This is slightly higher than China's GDP growth for the period, which grew at about 6.5%.

Many larger companies in this industry are now heavily investing in increasing the number of their hotels in lower-tier cities, in central and western regions in China, and establishing new hotels with new brands targeting a wider range of customer groups... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hotels Industry?

Hotels in China provide accommodation services at the required state standards and quality. Hotels and resorts are licensed to provide accommodation on a room or suite basis. Bathrooms and other facilities are present in most guest rooms.

Industry Products
Accommodation and related services at five-star hotelsAccommodation and related services at four-star hotelsAccommodation and related services at three-star hotelsAccommodation and related services at two-star hotelsAccommodation and related services at one-star hotels
 
Industry Activities
Operating hotels Operating resorts Operating conference centers with accommodation Operating training centers with accommodation


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