China Hotel Market Size

China Hotel Market has grown significantly in recent years and is expected to continue to do so during the forecast period as well. 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. 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.

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, Meituan Dianping ) Numbers (Up-Scale Hotel, Mid-Scale & Budget Hotel, Total)” provides a complete analysis of Chinese Hotel Market.

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