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 Products Chapter
In 2008, the number of hotels with five- and four-star ratings increased by 17.1% and 14.2%, respectively, while the number of hotels with one- and two-star ratings decreased 12.8% and 1.8%, respectively. The number of star-rated hotels increased rapidly in Beijing, mainly due to the holding of the Olympic Games during the year.
In 2009, the number of star-rated hotels was 14,237, with two- and three-star hotels accounting for the largest proportion at 37.8% and 41.5%, respectively. During the year, the number of hotels with five- and four-star ratings increased 17.1% and 9%, respectively, while the number of hotels with one- and two-star ratings decreased 4.3% and 12.2%... purchase to read more