Horwath HTL Market Report: Hangzhou, China: Hotel Market Overview
Hangzhou, the capital and the most populous city of Zhejiang, has been traditionally known as a tourism city for popular sights including West Lake and Lingyin Temple.
After over 30 years of development, especially after hosting the G20 summit in 2016, Hangzhou gradually evolved from a tourism destination to a world-renowned innovation, research and development center backed by the expansion of hi-tech companies. Hangzhou is now attracting high quality science, technology and ecommerce startups that fill up multiple business districts around the city that have propelled the development of the hotel market in downtown as well as famous scenic areas in the city.
About Horwath HTL
Horwath HTL is focused one hundred percent on hospitality, tourism, and leisure consulting. Our services cover every aspect of hotel real estate investment, tourism, and leisure development. Our clients choose Horwath HTL because we have earned a reputation for impartial advice that will often mean the difference between failure and success. Each client project is unique, and they rely on us to utilize the experience we have gained throughout our 100-year history to assist them in achieving their goals. Being a global firm with 52 offices in 40 countries, we have successfully carried out over 40,000 assignments for both public and private clients. As part of the Crowe Global network, a top-ten accounting, and financial services network, Horwath HTL is the number one choice for companies and financial institutions looking to invest and develop in the industry.
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