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How big is the hotel industry in China?
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2023年12月20日 · The hotel industry in China has grown steadily in size and revenue over the past decade with the total number of hotel accommodations surpassing 270 thousand in China. The industry offers a wide...
China Hospitality Market Analysis. The Hospitality Industry in China Market size is estimated at USD 86.66 billion in 2024, and is expected to reach USD 128.04 billion by 2029, growing at a CAGR of 8.12% during the forecast period (2024-2029). China's hospitality market has grown significantly in recent years.
- The China Hospitality Market size is expected to reach USD 86.66 billion in 2024 and grow at a CAGR of 8.12% to reach USD 128.04 billion by 2029. R...
- In 2024, the China Hospitality Market size is expected to reach USD 86.66 billion. Read More
- Beijing Zhiyuan International Travel Agency Co. Ltd., Emei Shan Tourism Co. Ltd., Expedia Group Inc., Guangdong International Hotel Management Hold...
- In 2023, the China Hospitality Market size was estimated at USD 80.15 billion. The report covers the China Hospitality Market historical market siz...
The China Tourism And Hotel Market size is estimated at USD 385.07 billion in 2024, and is expected to reach USD 504.22 billion by 2029, growing at a CAGR of 5.53% during the forecast period (2024-2029).
Hospitality Industry in China Market Trends. Statistics for the 2023 & 2024 Hospitality Industry in China market trends, created by Mordor Intelligence™ Industry Reports. Hospitality Industry in China trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.
China is still a major market for the international chains, so when we compare the pipeline projects as of January versus now, there were 413 projects to be opened in 2020 – now as of July, although 14% of this has already opened, 35% have been postponed to 2021 or 2022, and 12% have been abandoned or deferred.
We discuss what's next for the future of the hotel industry and why brands will need to prioritize the well-being of guests, employees, and the planet.
2023年10月19日 · Looking at hotel market business performance, in the second quarter of 2023, the average room rate for mainland China’s all-star hotels already surpassed the market business performance seen during the pre-pandemic period, reaching RMB373.79 per night.
