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 Locations Chapter
East China accounts for the largest share of industry establishments and revenue, with 30.7% and 38.4%, respectively. The share of rooms, however, is slightly lower at 32.9%, indicating the relatively larger popularity of hotel apartments and suites in this region. Another reason for this is the relatively larger share of other businesses in total hotel revenue in this region, such as restaurants, business meetings and conferences, and entertainment.
East China is the most developed economic region in China and business activities are relatively greater. Zhejiang province and Jiangsu province have the largest number of establishments at 1,118 and 895, respectively... purchase to read more