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