Industry Analysis & Industry Trends
In the five years through 2014, the Hotel industry in China has been growing 9.3% on average to an estimated $47.7 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. In 2012 and 2013, the number of international tourists declined by 2.7% and 1.8%, respectively, curbing industry revenue growth.
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 Key Buyers Chapter
The industry concentration level is very low, with the top four players – Shangri-la Hotels and Resorts, Shanghai Jinjiang International Hotels Development, InterContinental Hotels Group, Guangdong (International) Hotel Management Holdings – accounting for a combined market share of 4.3% in 2014. There are numerous players in this market, and all of them have very small market shares. The market is very dynamic, and market shares change every year, as the pace of investment in new capacity differs for most of the players.
Overall, there is a trend toward consolidation among hotel management enterprises and toward a rise in scale. Industry concentration levels will gradually increase as a result; however, in the long-term, concentration will remain relatively low... purchase to read more