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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 has grown significantly in recent years and is expected to continue to do so during the forecast period as well. With political and social stability, rapid economic growth, and the vast population base and natural resources, China have lured many multinational hotels, including the world’s leading hotel chains to its potentially huge market. With an estimated nearly 130 million of annual tourists arrival by the year 2020, the People’s Republic of China will be the world’s number one tourist destination; offering significant opportunities to the China Hotel Industry. Also; the number of Chinese inbound visitors also has grown affluent who are travelling more within the country also boosting the growth of China Hotel Market. According to Renub Research China Hotel Market is expected to be USD 136 Billion (Yuan 938 Billion) by the end of the year 2023.
Growing China’s economy is encouraging more internal business travel, and these travellers need a hotel for their accommodation. Concomitantly, the Chinese government has also boosted holiday travel by releasing travel restrictions and further has introduced a five day work week, which offers generous vacation time. China Hotel Market is expanding further to meet the growing demand from both domestic and international travellers. China’s own hotel companies are comparatively small and immature when compared to foreign multinational companies. So, these domestic companies are increasingly acquiring hotel management contracts from foreign multinational hotel companies to get higher brand recognition and more profound local expertise to serve visitors better.
China Hotel Market is expected to be driven by holiday, business travel and country’s increasing popularity as one of the best MICE (Meetings, Incentives, Conferences, Exhibitions) destination over the forthcoming years. Renub Research report titled “China Hotel Market & Forecast by Type (High End, Mid Scale, Budget), Platform (Online, Offline), City (Beijing, Shanghai, Guangzhou, Shenzhen, Chongqing, Chengdu, Tianjin), Hotel (Huazhu Hotels Group Ltd, Zhejiang New Century Hotel Management Co. Shanghai Jin Jiang International Hotels (Group) Company Limited, Jinmao Hotel, Ctrip ) Numbers (Up-Scale Hotel, Mid-Scale & Budget Hotel, Total)” provides a complete analysis of Chinese Hotel Market.
By Hotel Type – Mid Scale Hotel Market Dominates in the China Hotel Market
The report studies the market of the following hotel segments: High End, Mid Scale & Budget. Mid scale hotel controls the largest market share in this market place.
By Platform – Online Hotel Booking Market is steadily Growing
In the China hotel market, online hotel booking market is steadily growing. This report covers two type of ordering platform: online and offline. It is predicted that by 2023, online hotel market will grow tremendously.
By Hotel Volume
The report studies China total hotels present and future volume. This report also provides the details of the hotel volume on the basis of budget type: Up-Scale hotel & Mid-Scale & Budget hotel. Mid-Scale & Budget hotel dominate in this market place.
By City – China Hotel Market
This report covers five star hotels status in following cities: Beijing, Shanghai, Guangzhou, Shenzhen, Chongqing, Chengdu and Tianjin. Each city provides following details: room average daily rate (ADR), revenue per available room (RevPAR), occupancy rate, room stock, and international visitors in city.
Hotel Analysis
Huazhu Hotels Group Ltd, Zhejiang New Century Hotel Management Co. Shanghai Jin Jiang International Hotels (Group) Company Limited, Jinmao Hotel, Ctrip has been studied thoroughly in the report.
China Hotel Market – By Hotel Type
High End
Mid Scale
Budget
China Hotel Market – Ordering Platform
Online
Offline
China Hotel Market – By Volume
Up-Scale Hotel
Mid-Scale & Budget Hotel
Total
China Five Star Hotel Status – City
Beijing
Shanghai
Guangzhou
Shenzhen
Chongqing
Chengdu
Tianjin
Each City provide the following details
Room average daily rate (ADR)
Revenue per available room (RevPAR)
Occupancy rate
Room stock
International visitors in city
China Hotel Market – By Hotel
Huazhu Hotels Group Ltd
Zhejiang New Century Hotel Management Co. Limited
Shanghai Jin Jiang International Hotels (Group) Company Limited
Jinmao Hotel
Ctrip
Table of Contents
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 19.1.1 Hyatt Hotel with Homeinns Hotel Group 19.1.2 Starwood Capital with China’s Shimao Property Holdings 19.2 Collaborations and Agreements 19.2.1 Collaborations and Agreements with Ctrip.com and Millennium 19.3 Investment 19.3.1 China’s hotel investors set sights on domestic expansion 19.3.2 China Hotel Industry Investment plan By Government
20. Hotel/Company Revenue 20.1 Huazhu Hotels Group Ltd 20.1.1 Initiatives or Strategy 20.1.2 Hotel Revenue 20.2 Zhejiang New Century Hotel Management Co. Limited 20.2.1 Initiatives or Strategy 20.2.2 Hotel Revenue 20.3 Shanghai Jin Jiang International Hotels (Group) Company Limited 20.3.1 Initiatives or Strategy 20.3.2 Hotel Revenue 20.4 Jinmao Hotel 20.4.1 Initiatives or Strategy 20.4.2 Hotel Renenue 20.5 Ctrip 20.5.1 Initiatives or Strategy 20.5.2 Hotel Revenue
List of Figures
Figure-01: China Hotel Market (Billion RMB), 2019 - 2023 Figure-02: China online and Mid Scale Hotel market (Billion RMB ), 2019 – 2023 Figure-03: China’s Middle Class (In percent), 2018 - 2022 Figure-04: Tourist Arrivals in China 2015 - 2018 Figure-05: China Labour Costs 2017 - 2018 Figure-06: China hotel Classes Supply and demand (Percentage), 2014 Figure-07: China Hotel Market (Billion RMB), 2013 – 2018 Figure-08: Forecast for China Hotel Market (Billion RMB), 2019 – 2025 Figure-09: China- Market Share Analysis By Hotel Type (Percent), 2013 – 2018 Figure-10: China- Forecast For Market Share Analysis By Hotel Type (Percent), 2019 – 2023 Figure-11: China – Volume Share Analysis by Hotel Type ( Percent), 2013 - 2018 Figure-12: China – Forecast For Volume Share Analysis By Hotel Type ( Percent), 2018 - 2023 Figure-13: China –Ordering Platform Share Analysis ( Percent), 2018 - 2023 Figure-14: China – Forecast For Ordering Platform Share Analysis ( Percent), 2018 - 2023 Figure-15: High End Hotel Market (Billion RMB), 2013 – 2018 Figure-16: Forecast for High End Hotel Market (Billion RMB), 2019 – 2023 Figure-17: Mid Scale Hotel Market (Billion RMB), 2013 – 2018 Figure-18: Forecast for Mid Scale Hotel Market (Billion RMB), 2019 – 2023 Figure-19: Budget Hotel Market (Billion RMB), 2013 – 2018 Figure-20: Forecast for Budget Hotel Market (Billion RMB), 2019 – 2023 Figure-21: Online Hotel Market (Billion RMB), 2013 – 2018 Figure-22: Forecast for Online Hotel Market (Billion RMB), 2019 – 2023 Figure-23: Offline Hotel Market (Billion RMB), 2013 – 2018 Figure-24: Forecast for Offline Hotel Market (Billion RMB), 2019 – 2023 Figure-25: Up-Scale Hotel Numbers (Thousand), 2013 – 2018 Figure-26: Forecast for Up-Scale Hotel Numbers (Thousand), 2019 – 2023 Figure-27: Mid-Scale & Budget Hotel Numbers (Thousand), 2013 – 2018 Figure-28: Forecast for Mid-Scale & Budget Hotel Numbers (Thousand), 2019 – 2023 Figure-29: Total Hotels Numbers (Thousand), 2013 – 2018 Figure-30: Forecast for Total Hotels Numbers (Thousand), 2019 – 2023 Figure-31: Five-star hotel Room Average Daily Rate (ADR), 2011 – 2018 Figure-32: Forecast for Five-star hotel Room Average Daily Rate (ADR), 2019 – 2023 Figure-33: Five-star hotel revenue per available room (RevPAR), 2011 – 2018 Figure-34: Forecast for Five-star hotel revenue per available room (RevPAR), 2019 – 2023 Figure-35: Five-star hotel occupancy rate Percent (%), 2011 – 2018 Figure-36: Forecast for Five-star hotel occupancy rate Percent (%), 2019 – 2023 Figure-37: Room Stock Percent (%), 2014 – 2018 Figure-38: Forecast for Room Stock Percent (%), 2019 – 2023 Figure-39: International Visitors in City Percent (%), 2014 – 2018 Figure-40: Forecast for International Visitors in City Percent (%), 2019 – 2023 Figure-41: Room Average Daily Rate (ADR), 2011 – 2018 Figure-42: Forecast for Room Average Daily Rate (ADR), 2019 – 2023 Figure-43: Five-star hotel revenue per available room (RevPAR), 2011 – 2018 Figure-44: Forecast for Five-star hotel revenue per available room (RevPAR), 2019 – 2023 Figure-45: Occupancy Rate Percent (%), 2011 – 2018 Figure-46: Forecast for Occupancy Rate Percent (%), 2019 – 2023 Figure-47: Room Stock (Thousand rooms), 2014 – 2018 Figure-48: Forecast for Room Stock (Thousand rooms), 2019 – 2023 Figure-49: International Visitors in City (Million), 2014 – 2018 Figure-50: Forecast for International Visitors in City (Million), 2019 – 2023 Figure-51: Room Average Daily Rate (RMB), 2011 – 2018 Figure-52: Forecast for Room Average Daily Rate (RMB), 2019 – 2023 Figure-53: Revenue per Available Room (RMB), 2011 – 2018 Figure-54: Forecast for Revenue per Available Room (RMB), 2019 – 2023 Figure-55: Occupancy Rate Percent (%), 2011 – 2018 Figure-56: Forecast for Occupancy Rate Percent (%), 2019 – 2023 Figure-57: Room Stock (Thousand rooms), 2014 – 2018 Figure-58: Forecast for Room Stock (Thousand rooms), 2019 – 2023 Figure-59: International Visitors in City (Million), 2014 – 2018 Figure-60: Forecast for International Visitors in City (Million), 2019 – 2023 Figure-61: Room Average Daily Rate (RMB), 2011 – 2018 Figure-62: Forecast for Room Average Daily Rate (RMB), 2019 – 2023 Figure-63: Revenue per Available Room (RMB), 2011 – 2018 Figure-64: Forecast for Revenue per Available Room (RMB), 2019 – 2023 Figure-65: Occupancy Rate Percent (%), 2011 – 2018 Figure-66: Forecast for Occupancy Rate Percent (%), 2019 – 2023 Figure-67: Room Stock (Thousand rooms), 2014 – 2018 Figure-68: Forecast for Room Stock (Thousand rooms), 2019 – 2023 Figure-69: International Visitors in City (Million), 2011 – 2018 Figure-70: Forecast for International Visitors in City (Million), 2019 – 2023 Figure-71: Room Average Daily Rate (RMB), 2011 – 2018 Figure-72: Forecast for Room Average Daily Rate (RMB), 2019 – 2023 Figure-73: Revenue per Available Room (RMB), 2011 – 2018 Figure-74: Forecast for Revenue per Available Room (RMB), 2019 – 2023 Figure-75: Occupancy Rate Percent (%), 2011 – 2018 Figure-76: Forecast for Occupancy Rate Percent (%), 2019 – 2023 Figure-77: Room Stock (Thousand rooms), 2014 – 2018 Figure-78: Forecast for Room Stock (Thousand rooms), 2019 – 2023 Figure-79: International Visitors in City (Million), 2014 – 2018 Figure-80: Forecast for International Visitors in City (Million), 2019 – 2023 Figure-81: Room Average Daily Rate (RMB), 2011 – 2018 Figure-82: Forecast for Room Average Daily Rate (RMB), 2019 – 2023 Figure-83: Revenue per Available Room (RMB), 2011 – 2018 Figure-84: Forecast for Revenue per Available Room (RMB), 2019 – 2023 Figure-85: Occupancy Rate Percent (%), 2011 – 2018 Figure-86: Forecast for Occupancy Rate Percent (%), 2019 – 2023 Figure-87: Room Average Daily Rate (RMB), 2011 – 2018 Figure-88: Forecast for Room Average Daily Rate (RMB), 2019 – 2023 Figure-89: Revenue per Available Room (RMB), 2011 – 2018 Figure-90: Forecast for Revenue per Available Room (RMB), 2019 – 2023 Figure-91: Occupancy Rate Percent (%), 2011 – 2018 Figure-92: Forecast for Occupancy Rate Percent (%), 2019 – 2023 Figure-93: Huazhu Hotels Group Ltd (Million RMB), 2013 – 2018 Figure-94: Forecast for Huazhu Hotels Group Ltd (Million RMB), 2019 – 2023 Figure-95: Zhejiang New Century Hotel Management Co. Limited (Million RMB), 2015 – 2018 Figure-96: Forecast for Zhejiang New Century Hotel Management Co. Limited (Million RMB), 2019 – 2023 Figure-97: Shanghai Jin Jiang International Hotels (Group) Company Limited (Million RMB), 2013 – 2018 Figure-98: Forecast for Shanghai Jin Jiang International Hotels (Group) Company Limited (Million RMB), 2019 – 2023 Figure-99: Jinmao Hotel (Million RMB), 2015 – 2018 Figure-100: Forecast for Jinmao Hotel (Million RMB), 2019 – 2023 Figure-101: Ctrip Hotels (Million RMB), 2013 – 2018 Figure-102: Forecast for Ctrip Hotels (Million RMB), 2019 – 2023 Figure-103: Meituan Dianping (Million RMB), 2015 – 2018 Figure-104: Forecast for Meituan Dianping (Million RMB), 2019 – 2023
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Published By: Renub Research
Product Code:
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