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China

China, with the largest population of the world, is in huge economic transformation due to the fastest-growing middle-class. Nowadays the number of middle-class people in China has reached 500 million and in 2020, this figure is expected to increase up to 1.75 billion. Declined growth in the real estate market and fixed asset investment has led to a notable change in the hotel industry. International luxury hotel chains are making more efforts to take advantage of the growing Chinese middle-class with luxury desires. Also, in these days, small luxury hotel or boutique hotel has gradually become popular in China, which is not as majestic and unified as large international chains, but draw consumers by their delicate and characteristic hotel culture. Indeed, hotel investors have become more sensitive to financial returns and thus have started to invest on select-service hotel products.

Post-Pandemic Hospitality Trends & Economics in China

By Kimberly Yoong

The impacts of COVID-19 have been felt far and wide around the world and across industries. As one of the first hit but also one of the first economies to successfully slow the spread of the virus, China has already been seeing a gradual recovery from the impact of COVID-19.

Shama Yalong Bay Sanya

ONYX Hospitality Group, one of the region's leading hotel management companies, today announces the grand opening of Shama Yalong Bay Sanya. Set in the state-level tourist resort destination as the first-ever Shama resort, this newest member of the Shama family is poised to become the latest landmark in the island of Hainan and a whole new vacation option for domestic and overseas travellers.

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