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Hotels posted slow current value growth of 3% in 2017. With global economic fluctuations and the rising costs of labour and raw materials, demand for hotels was generally weak. Due to fierce competition from short-term rentals and other new styles of accommodation, hotels were adversely affected and posted a decrease in the average daily room rate, which was despite a slight rise in the occupancy rate. International hotel groups merged with a number of high-end Chinese hotels, resulting in a severe squeeze on national brands. There were increasing efforts from national brands in terms of cooperation and integrating resources. www.marketreportsonchina.com
Lodging in China report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest market size data 2012-2016, allowing you to identify the sectors driving growth. It identifies the leading companies and offers strategic analysis of key factors influencing the market - be they new legislative, technology or pricing issues. Background information on disposable income, annual leave and holiday taking habits is also included. Forecasts to 2021 illustrate how the market is set to change.
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Product coverage: Hotels, Lodging Offline, Lodging Online, Other Lodging, Short-Term Rentals. Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data. Why buy this report? * Get a detailed picture of the Lodging market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop. www.marketreportsonchina.com
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