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Hotels in China: Market Research Report

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

Hotels Market Research Report | Aug 2014

The Hotels market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$48bn
Annual Growth 09-14
9.3%
Annual Growth 14-19
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Profit
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Employment ('000)
2,327
Businesses
17,014
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 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 2019, increasing at an average annualized rate of 8.2%. This is higher than China's GDP growth for the period, which grew at about 7.3%, mainly due to obvious growth in 2010 based on negative growth in 2009. In 2009, due to the global recession and swine flu, the number of foreign tourists to China and average room prices declined. Industry profit declined by about 30% that year... 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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