In the five years through 2015, the Hotel industry in China has been growing 8.8% on average to an estimated $53.2 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 2.2% and 2.7%, 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.
Hotels in China provide accommodation services at the required state standards and quality. Hotels and resorts are licensed to provide accommodation on a room or suite basis. Bathrooms and other facilities are present in most guest rooms.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.