STR: Mainland China hotel markets forecasted for steady 2020
"Demand growth is key for Beijing as supply continues to increase at a healthy rate," Liu said. ... After a challenging 2019, Chengdu is forecasted for ADR growth of 1.4%.
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STR: Hong Kong Hotel Occupancy Drops Amid Protests
Based on daily data from the month, Hong Kong reported the following in year-over-year comparisons: Supply: +1.5% Demand: -28.8% Occupancy: -29.8% to 63.9% Average daily rate (ADR): -21.0% to HKD1,086.16 ... In mid-August, STR forecasted a 19.3% RevPAR decrease for Hong Kong for Q3 2019.
China’s Hotel Construction Pipeline Remains Strong Despite A Slowing Economy
In the years ahead, 661 new hotel openings are forecast to open in 2019 and 604 in 2020. Both are distant from the cyclical peak of 1,684 new openings/193,772 rooms recorded in 2014. ... Hotel demand is robust in tourism destinations and economically developed cities such as Beijing, Shanghai, Chengdu, and Shenzhen.
Despite China slowdown, Asia-Pacific tourism to remain strong in 2016
It expected the former to continue its outbound travel growth trajectory, with a forecast of 10% growth in outbound travel in 2015. ... For more head over to the report: http://www.eyefortravel.com/mobile-and-technology/eyefortravel-full-year-round-and-forecast-2016
GBTA Slightly Downgrades its Forecast for Chinese Business Travel
As previously forecasted, China is poised to overtake the U.S. as the number one business travel market in the world. ... The GBTA BTI™ Outlook uses an econometric model to better inform the forecast process.
IHG Celebrates Opening of 200th Hotel in Greater China
According to the forecasts by the World Tourism Organization, the Chinese hotel room market will overtake that of the US, which is currently the largest in the world, by 2025. ... IHG is a pioneer in the hospitality industry in China and around the world, known for taking the lead in addressing new customer demands.
Rising Incomes And Internet Boost Booming Chinese Travel Market
Meanwhile, inbound tourism flows to China are forecast to grow at a 2.3% CAGR over the same period, reveals the Forecast Revisit for the Global Travel and Tourism Industry report. ... Also, the changing role of women is driving demand for clothing, cosmetics and travel, according to Euromonitor international.
GBTA Predicts Business Travel Spending to Increase by 15% in 2013 as China Remains on Track to Become the World’s Largest Business Travel Market
Larger gains are forecast for the next two years. ... The GBTA BTI™ Outlook uses an econometric model to better inform the forecast process.
Luxury Chinese Travel Site, Zanadu, Plugs into RDX as Outbound Chinese Market Booms
travel site, which was launched in 2011 with listings of deluxe hotels around the world, including The Atlantis in Dubai, hand-picked by Zanadu's roving 'correspondents' to meet the discerning travel demands ... The company says China's outbound travel market is forecast to grow by 17 per cent a year over the next three years, with its value more than quadrupling from $321 billion yuan (US52 billion) in 2010 to
GBTA Forecasts Continued Growth In Biz Travel Spend In China As Domestic Demand Increases
As China's main export partners recover it is forecast that IOB will resume its fast-paced growth, with GBTA forecasting growth of 17.5%. ... The GBTA BTI™ Outlook uses an econometric model to better inform the forecast process.
GBTA Predicts China’s Business Travel Spending to reach $245 billion by 2013
China is currently ranked second in the business travel market according to the GBTA findings, but is forecast to surpass the US by as early as 2015 Real GDP in China is forecast to increase by 8.2 percent ... The GBTA BTI™ Outlook uses an econometric model to better inform the forecast process.
Positive 2012 RevPAR forecast for Beijing, Hong Kong, Singapore and Sydney | STR Reports
The imbalance is forecasted to lead to an occupancy decrease of 0.6 percent for the year. ... "Our forecast indicates that 2012 will be another positive year with demand growing in Beijing (+3.8 percent), Hong Kong (+3.0 percent), Singapore (+1.7 percent) and Sydney (+2.3 percent).
EasyRMS Secures New Deal with Growing Hotel Group in China
"Considering the business demand and the inexorable trend from the market, we realised that it is very necessary to have an automated Revenue Management tool to help hotel managers complete their daily ... "I am confident that these two pilot HNA properties will be happy with what EzRMS™ provides, including updated Revenue Management concepts, strong data support, accurate occupancy & revenue forecasts and