HVS Beijing Releases China Hotel Investment Watch - 2013-China Overview: A China Overview
HVS has announced the publication of China Hotel Investment Watch 2013-China Overview. The annual bilingual publication highlights the latest tourism and hotel trends for China on an annual basis. Based on our extensive research, the team provides insight and future outlook to China market, including:
HVS has announced the publication of China Hotel Investment Watch 2013-China Overview. The annual bilingual publication highlights the latest tourism and hotel trends for China on an annual basis. Based on our extensive research, the team provides insight and future outlook to China market, including:
- China's economic development strategies for the future will include the following key aspects: economic policies concerning people's livelihood, fair distribution of social wealth, expansion of the middle class and new-style urbanization.
- In 2012, total visitor arrivals to China registered a year-on-year growth of 11.4% to hit approximately 3.1 billion. Some events which have significant influences on the tourism demand in China include opening of Beijing-Guangzhou High-Speed Railway, anticipation of Tourism Law, Appreciation of RMB, and release of the Outline of the National Leisure Plan (2013–20).
- As of end-2012, there were 11,706 star-rated hotels in China, including 654 five-star hotels, 2,201 four-star hotels, 5,545 three-star hotels and 3,306 one- and two-star hotels, offering over 1.57 million rooms. Between 2000 and 2012, the star-rated hotel room inventory in China increased rapidly at a compound annual growth rate of 10%.