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 is estimated to decline by 2.7% and 1.8%4, respectively, curbing industry revenue growth.
Foreign enterprises have a significant impact on the industry's development, and have introduced brand and chain management concepts and high service standards to China.... 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