Industry Analysis & Industry Trends
In the five years through 2013, the Hotel industry in China has been growing 6.9% on average to an estimated $44.1 billion. However, growth has been volatile over the period due to a number of macro-economic conditions like the global recession in 2009 and non-economic factors like natural disasters and strict visa limits during the 2008 Beijing Olympic Games. 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. The number of international tourists is expected to decline by 2.2% and 2.7% in 2012 and 2013, respectively, curbing industry revenue growth together with tightening of government spending and economic slowdown.... 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