Hospitality in China

Hospitality in China

China’s GDP growth for the first half of 2015 decrease to 7%, which focus more on the tertiary industry. Besides, domestic tourism continues to boom with double-digit growth. However, the decline of international arrivals to China continues because of the air quality.

As for hotel market, the resultant slowing down of the hotel development, more hotel investors have turned their interest to upper-mid-tier brands Since the end of 2012. Additionally, the average occupancy of the China HOTEL MARKET in 2014 was more than 65% despite an approximate 5% supply increase.

Source: http://www.hotelnewsnow.com/article/16574/The-present-future-of-Chinas-hotel-industry#sthash.fbjIIDDw.dpuf

Albert Zhang__

Albert Zhang

2015-12-07T03:52:01+00:00