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.
Over the last three decades Dubai has managed to become one of the global hubs for travel and tourism. Today, Dubai developed to one of the top destinations for global travellers and has become a centre of attraction for leisure and business visitors offering guests with a multifaceted destination combining beaches, desert, luxury hotels, shopping, entertainment and a thriving business centre. The city is in a unique situation wherein a city with a population base of only 2.3 million receives seven times as many tourists (hotel and hotel apartment guests) annually.
Hong Kong, the city where east meets west, boasts a wealth of shopping, dining and entertainment attraction. Tourism is one of Hong Kong’s four pillar industries and the city has rich experience in serving hotel guests, cruise passengers and conference delegates to international standards. Hong Kong’s prosperous and well-travelled local population presents exciting opportunities for travel service companies, while the city’s strategic location within five hours’ flight of half the world’s population secures its popularity as a leisure and business travel destination. Hong Kong is well known for being home to some of the world’s finest hotels and the rapid growth of business and leisure travel in Asia has increased demand for accommodation at every price level.
The Indian hospitality industry has experienced prominent growth in recent years due to various factors, including the rising purchasing power of domestic travellers, an increase in commercial development and foreign tourist arrivals, a growing airline industry and government-led initiatives aiming to stimulate the sector. There is a great deal of scope to expand tourism across India, and as the country improves air travel connections and relaxes visa restrictions, tourist arrivals should increase. The Indian hotel industry is highly fragmented, with a large number of small and unorganised players dominating the market. In recent years, there has been a shift towards the mid-market and budget segments in the industry, and the development of hotel aggregators in the budget space, who have consolidated the massive and unorganised hotel market.
The hotel sector is a vital part of London’s booming tourism industry. London’s rich and diverse cultural offering is attracting visitors in record numbers. The capital is home to four world heritage sites, eight Royal Parks and all of the UK’s top 10 tourist attractions. It is the most Googled city for art galleries, performing arts, art and design, and the most talked about travel destination on Twitter.
New York State’s hotel industry has experienced a decade of strong growth, driven by an increase in tourism. A record number of visitors (227.5 million) came to New York State in 2014, and a new record was likely set in 2015. To accommodate the increased demand, more than 45,000 hotel rooms were added across the State between 2006 and 2015. Most of the rooms were added in New York City. In 2015, New York City had more than 107,000 hotel rooms, 48 percent more than in 2006. The industry plans to add another 26,500 rooms by the end of 2019.