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 - Starting a New Business Chapter
The barriers to enter this industry are generally moderate, but there are quite large variations for different players. Foreign players were previously restricted to 50% ownership of a hotel, but market deregulation after China's entry to the World Trade Organization lowered the entry barrier for them. Partnerships, mergers and acquisitions are also more common now that the procedures have been simplified and there are fewer restrictions.
Companies willing to enter the Hotel industry in China must comply with government standards for star rating hotels and all other industry regulations... purchase to read more