Hotels & Motels in China industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.Synopsis
Essential resource for top-line data and analysis covering the China hotels & motels market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.Key Highlights
The hotels & motels industry value consists of all room revenues generated by hotels, motels and other accommodation providers through the provision of accommodation. The value does not include non-room revenues, such as casinos, shops and telecommunication services. The industry is segmented according to the origin of the revenues (leisure consumers and business consumers). Market volumes are classed as the number of hotels in a country or region. Any currency conversions included within this report have been calculated using constant 2016 annual average exchange rates.
The Chinese hotels & motels industry had total revenues of $66.4bn in 2016, representing a compound annual growth rate (CAGR) of 1.0% between 2012 and 2016.
Industry consumption volume increased with a CAGR of 6.5% between 2012 and 2016, to reach a total of 16,485.0 establishments in 2016.
Demand in the Chinese industry has been strong as the number of domestic and foreign visitors considerably increased over the last decade. This led to high growth rates of supply by new entrants which eventually forced the average prices of accommodation to consistently fall, resulting in minimized revenue. Despite this, the revenue of hotel operators experienced sharp growth in 2015, when the capacity of the industry reduced. Contrastingly, immense growth of supply in 2015 reduced the revenue of hotel operators in 2016 by 7.8%.
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What was the size of the China hotels & motels market by value in 2016?
What will be the size of the China hotels & motels market in 2021?
What factors are affecting the strength of competition in the China hotels & motels market?
How has the market performed over the last five years?
What are the main segments that make up China's hotels & motels market?