China Hotel Market Opportunities

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China Hotel Market

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Report Description and Highlights
Analyst View According to Renub Research China
Hotel Market is expected to be USD 136
Billion (Yuan 938 Billion) by the end of the
year 2023. 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 worlds
leading hotel chains to its potentially huge
market. With an estimated nearly 130 million of
annual tourists arrival by the year 2020, the
Peoples Republic of China will be the worlds
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. Growing
Chinas 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. 


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China Hotel Market
Chinas 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 countrys 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.  Read more
here https//www.renub.com/china-hotel-market-p
.php


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China 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.  Want more
Information about this market? Request a free
sample copy https//www.renub.com/request-sampl
e-page.php?gturlchina-hotel-market-p.php

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Forecast For China Hotel Market Share ()
Forecast For China Hotel Market Share () By
Hotel Type (2019 2023)

Source Renub Research Analysis Note These are
dummy figures actual data given in the report
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China Hotel Market
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

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Forecast For China Hotel Market Share () By
Ordering Platform
Forecast For China Hotel Market Share () By
Ordering Platform (2019 2023)

Source Renub Research Analysis Note These are
dummy figures actual data given in the report
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China Hotel Market
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

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China Hotel Market
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  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 at info_at_renub.com

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China Hotel Market
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