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China Hotel Market is expected to be USD 136 Billion by the year 2023

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China Hotel Market is expected to be USD 136 Billion by the year 2023

September 24
10:00 2019
China Hotel Market is expected to be USD 136 Billion by the year 2023

China Hotel Market is expected to be USD 136 Billion (Yuan 938 Billion) by the end of the year 2023.
China Hotel Market & Forecast by Type (High End, Mid Scale, Budget), Platform (Online, Offline), City, Hotel (Huazhu Hotels Group Ltd, Zhejiang New Century Hotel Management Co. Shanghai Jin Jiang International Hotels (Group) Company Limited, Jinmao Hotel, Ctrip, Meituan Dianping) Numbers (Up-Scale Hotel, Mid-Scale & Budget Hotel, Total)

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.

 

 

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.

 

Request a free Brochure copy of the report: https://www.renub.com/request-brochure-page.php?gturl=china-hotel-market-p.php

 

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.

 

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.

 

Request a free Brochure copy of the report: https://www.renub.com/request-brochure-page.php?gturl=china-hotel-market-p.php

 

If the information you seek is not included in the current scope of the study kindly share your specific requirements with our custom research team.

 

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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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