(I-BusinessNews.Com, September 14, 2019 ) According to Renub Research market research report “China Hotel Market & Forecast by Type (High End, Mid Scale, Budget), Platform (Online, Offline), City, Hotel, Numbers (Up-Scale Hotel, Mid-Scale & Budget Hotel, Total)” China Hotel Market is expected to be USD 136 Billion (Yuan 938 Billion) by the end of the year 2023. The tourism industry in China is increasing rapidly, both domestically and abroad due to the many driving factors such as increasing middle-class population and increasing people’s disposable income, public projects and support to encourage the tourism sector, increasing investment, excellent transport infrastructure, etc.
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China has lured many multinational hotels, including the world’s leading hotel chains to its potentially huge market. China has attracted many multinational hotels to its possibly enormous market, including the world’s major hotel chains. With an estimated 130 million annual visitors arriving by 2020, the People’s Republic of China will be the number one tourist destination in the world; giving the China Hotel Industry significant opportunities.
One of the important factors driving the tourism and hotel industry in China is the development of the middle-class population. The middle-class population of China is multiplying, and it is anticipated to boom in the years ahead. With the growing population of the middle class and the shift in consumer behavior lead to an increase in leisure expenditure, resulting in the development of tourism and hotel sector. The hotel sector is also increasing at a constant rate with booming tourism in China and experiencing growth in occupancy rates. Growing investments and mergers and acquisitions are anticipated to increase the development of China’s hotel sector further. Recent times are gaining momentum in establishing boutique hotels that give a distinctive experience and focus on lifestyle.
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Wellness tourism in China is also gaining attention. The Chinese hotel sector has an enormous project pipeline for hotel projects. In order to obtain a powerful market position, hoteliers are adopting fresh approaches and ideas. In addition, hotels in the high-end segment are shifting towards the growth of three and four-star hotels to reinforce their market position.
Market Summary:
By Hotel Type: Market, market share, volume, and volume share of following hotel types High End, Mid Scale and Budget are given in the report. Mid Scale hotels are having significant market share than other hotel types.
By Ordering Platform: Both Online and Offline ordering platform are given in the report with market and market share.
By Cities: Room Average Daily Rate (ADR), Revenue per Available Room (RevPAR), Occupancy Rate, Room Stock and International Visitors in City of Shanghai, Beijing, Chongqing, Guangzhou, Tianjin, Shenzhen, and Chengdu are given in the report.
By Companies: Initiatives and Hotel Revenue of Huazhu Hotels Group Ltd, Jinmao Hotel, Shanghai Jin Jiang International Hotels (Group) Company Limited, Zhejiang New Century Hotel Management Co. and Ctrip are provided in the given report.
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Key Topics Covered :
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Growth Drivers
4.1 Rising Disposable Income
4.2 Growing China’s Middle Class
4.3 Increasing inbound tourists in China
5. Challenges
5.1 Rising Labor Cost in China
5.2 Supply and Demand Gap in China Hotel Industry
5.3 Cultural and Language Differences
6. Opportunities
7. China Hotel Market
8. Share – China Hotel Analysis
8.1 Hotel Type Market
8.2 Hotel Type Volume
8.3 Ordering Platform
9. Hotel Type – China Hotel Market
9.1 High End Hotel Market
9.2 Mid Scale Hotel Marketa
9.3 Budget Hotel Market
10. Ordering Platform – China Hotel Market
10.1 Online Hotel Market
10.2 Offline Hotel Market
11. Numbers – China Hotel Analysis
11.1 Up-Scale Hotel Numbers
11.2 Mid-Scale & Budget Hotel Numbers
11.3 Total Hotels Numbers
12. Beijing – Five Star Hotel Status
12.1 Room Average Daily Rate (ADR)
12.2 Revenue per Available Room (RevPAR)
12.3 Occupancy Rate
12.4 Room Stock
12.5 International Visitors in City
13. Shanghai – Five Star Hotel Status
13.1 Room Average Daily Rate (ADR)
13.2 Revenue per Available Room (RevPAR)
13.3 Occupancy Rate
13.4 Room Stock
13.5 International Visitors in City
14. Guangzhou – Five Star Hotel Status
14.1 Room Average Daily Rate (ADR)
14.2 Revenue per Available Room (RevPAR)
14.3 Occupancy Rate
14.4 Room Stock
14.5 International Visitors in City
15. Shenzhen – Five Star Hotel Status
15.1 Room Average Daily Rate (ADR)
15.2 Revenue per Available Room (RevPAR)
15.3 Occupancy Rate
15.4 Room Stock
15.5 International Visitors in City
16. Chongqing – Five Star Hotel Status
16.1 Room Average Daily Rate (ADR)
16.2 Revenue per Available Room (RevPAR)
16.3 Occupancy Rate
16.4 Room Stock
16.5 International Visitors in City
17. Chengdu – Five Star Hotel Status
17.1 Room Average Daily Rate (ADR)
17.2 Revenue per Available Room (RevPAR)
17.3 Occupancy Rate
18. Tianjin – Five Star Hotel Status
18.1 Room Average Daily Rate (ADR)
18.2 Revenue per Available Room (RevPAR)
18.3 Occupancy Rate
19. Mergers and Acquisitions
19.1 Joint Ventures
19.2 Collaborations and Agreements
19.3 Investment
20. Hotel/Company Revenue
20.1 Huazhu Hotels Group Ltd
20.2 Zhejiang New Century Hotel Management Co. Limited
20.3 Shanghai Jin Jiang International Hotels (Group) Company Limited
20.4 Jinmao Hotel
20.5 Ctrip
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