China Hotel Market to grow at a CAGR of 12.47% from 2021–2027

According to Renub Research report titled “China Hotel Market Forecast 2021-2027, Industry Trends, Share, Insight, Growth, Impact of COVID-19, Opportunity Company Analysis” the China Hotel Market is expected to reach USD 131.15 Billion by 2027. The Hotels industry in China has developed rapidly over the past decade and is an increasingly important industry in many cities and regions in China. The hotel industry represents a crucial component of financial industry outputs, job creation, and business opportunities contributing to local economic development. Evaluating hotel performance is vital for hotel management and strategy by indicating gaps and guiding future Improvement.

China Hotel Market to grow at a CAGR of 12.47% from 2021–2027


With increasing business travel and domestic tourism, the hotel market in China is far from reaching its saturation point. The continuous improvement of the hotel’s occupancy rate, people’s demand for leisure activities and tourism continues to increase. Notwithstanding, in China hotel industry is driven by more significant numbers of domestic and international tourists and increasing living standards and per capita spending for tourism. More elevated demand for services and quality, higher room prices, and industry deregulation has also supported revenue growth over the period. With the increasing demand for international and domestic tourism, China’s total number of hotels is rapidly increasing.

All International Chain High-End Hotels are Present in China

Besides, China’s largest populations to use their hotel services are business people. China has focused on creating convention centers in their large cities and high-end hotels that is good for meetings and talking. There are many different types of hotel-like High-End Hotel, Mid-Scale Hotel; Budget Hotel is in China. High-End Hotel is a well-known international chain and brand stared hotel. Many foreign hotel brands and their chains continued to expand in China, while the domestic brands are converging on increasing their footprint into mergers and acquisitions. The Chinese government has launched the Greater Bay Area Plan and the Belt and Road Initiative to increase higher demand for luxury hotels.


Similarly, Mid-Scale hotels in China benefit considerably from the recovery of meeting, incentive, conference and exhibition (MICE) services in China because they offer affordable prices and quality services. Middle- and low-end hotels accelerate their development in online booking services. For middle- and low-end hotels with small scale and small client groups, competing with high-end hotels owning large scale and high reputation is getting increasingly difficult. Online booking services help them to reach a broader range of people and thus acquire more clients.

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Number of Hotels in Hong Kong Doubled between 2010 and 2020

Beijing’s capital city of China hotel industry has benefited from enhanced intercity transportation and tourism facility. Therefore, Shanghai, one of China’s most important business hubs, is home to a buzzing hospitality market that continues to grow. Moreover, Hong Kong hotel has visited centres for central tourist hubs in China as Chinese visitors from the mainland spend relatively more money. At the same time, during their stay in Hong Kong, the tourism and hotel sector highly depend on mainland Chinese visitors’ revenue. As per our research, with the growing number of overnight visitors, the number of hotels in Hong Kong doubled between 2010 and 2020, while available hotel rooms increased by more than 40 percent. In addition to providing subsidies by China government, the Hong Kong administration initiated a holiday at promoting hotel bookings, home campaigns and touristic offers to Hong Kong residents.


Impact of COVID-19 on China Hotel Industry

The China hotel industry is comparatively less affected by the COVID-19 pandemic during 2020, as the market shifted from International to domestic travellers. The international travellers who account for a less share in the market recorded a sharp decline in transactions as most nations are primarily affected by the sudden pandemic. But as the domestic conditions stabilized and the vaccination rate against coronavirus increased significantly, the impact of the pandemic is steadily diminishing. Thus confidence in the China domestic hotel market is gradually restored, and the dawn of hotel performance is also ushering in, casting out the gloomy mist.


Key Hotel Players Performance

The key hotel players present in China are Huazhu Hotels Group Ltd, Shanghai Jin Jiang International Hotels (Group) Company Limited, Zhejiang New Century Hotel Management Co. Limited, Jinmao Hotel and Ctrip. These players in the China hospitality industry are opting for technological upgrading of their properties throughout the country. For instance, in 2021, Huazhu Group Limited announces License Agreement between Steigenberger and Porsche Design Group to Establish a Joint Hotel Brand.

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Market Summary

Hotel Type – Report covers by hotel type in the China hotel market breakup of 3 viewpoints (High End Hotel, Mid-Scale Hotel and Budget Hotel), Platform (Online and Offline)

Ordering Platform – We have covered by Ordering Platform in the China hotel market breakup by 2 viewpoints (Online and Offline)

City – Our Report covers by city in China hotel market breakup by 6 viewpoints (Beijing, Shanghai, Guangzhou, Shenzhen, Hong Kong, Macau)

All the key players have been covered from 3 Viewpoints (Overview, Recent Development, and Hotel Revenue) Huazhu Hotels Group Ltd, Shanghai Jin Jiang International Hotels (Group) Company Limited, Zhejiang New Century Hotel Management Co. Limited, Jinmao Hotel and Ctrip

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

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China Hotel Industry will grow with a double digit CAGR of 12.47% during 2020-2027

China was the first country hammered by the health crisis (COVID-19), so the China Hotel Industry was the first to see the outcome. With strict travel constraints in various parts of the Chinese mainland, the hotel business was severely staggered in the absence of inbound tourists in 2019. However, during the year 2020, China saw turbulence for China hotel industry from “the dark moment” to “the glowing moment”. Though the current international epidemic situation is still severe, the country has entered a normalization stage of epidemic prevention. According to Renub Research new report, China Hotel Market is expected to reach USD 131.15 Billion by 2027.

China Hotel Market Share, Forecast 2021-2027

Consumers Preferring Online Hotel Booking over Offline Medium

Notwithstanding, in China, By Ordering Platform the market constitutes Online Hotel Market and Offline Hotel Market. The online hotel market targets various consumer groups with different behaviour types with an offer that equates to their demands and budget level. With the progression in technology, the online hotel market is soaring at a fast pace. On the other hand, COVID-19 has accelerated the digitization of the travel agent model; creating more shop closures as in-store agencies switch operations online, creating the downfall of the country’s offline hotel booking market.

As per this report, post-COVID-19 recovery, the China Hotel Industry will grow with a double digit CAGR of 12.47% during 2020-2027

By Hotel Type, the China Hotel Market revolves around High-End Hotel, Mid-Scale Hotel, Budget Hotel and Luxury Hotel. By reviewing the hotel industry dynamics amidst the pandemic, hotels in budget and mid-upper scales are more resilient to recovery. The budget hotels and mid-upper scales mainly provide local services were more prone to recovery than post-COVID policies, and people could not travel too far away from home. Therefore, the overall recovery effect is the best when combined with the rise of surrounding tours. However, Mid-Scale hotels benefit a considerable amount from the recovery of meeting, incentive, conference and exhibition (MICE) services in China because they offer affordable prices and quality services during the pandemic.

Although the pandemic has hit hard in the hospitality industry worldwide, but with the large-scale vaccination, China hotel industry is gradually recovering. The impact among cities was uneven. For instance, among the cities in China, in Beijing because of the pandemic, the number of international visitor arrivals plummeted in 2020. Consequently, in 2020, the average occupancy rate of five-star hotels in Beijing dropped significantly in 2019.

Similarly, in Shanghai, international visitor arrivals decreased sharply in 2019 compared to the figures of 2020. Business travellers gained up the lion’s share of total visitor arrivals because of stringent entry quarantine restrictions. The average occupancy rate of five-star hotels in 2020 plunged to the lowest, especially in February and March. It was also the first time in the past four years that the ADR of five-star hotels dropped.

Road to Recovery: Second Half of 2020 China Hotel Market

However, things started to change in the second half of 2020, compared to the rest of the world. The local tourism market steadily rebounded in the second half of 2020, boosting the recovery of the hotel sector. Even though the pandemic affects globally, luxury hotels were opened in Shanghai in 2020. Also, new luxury hotels were opened in Beijing in the second half of 2020. The US-based Hilton Hotels recommenced its quick expansion in China even during the pandemic. Moreover, the group opened two upscale hotels in Beijing in 2020: The Hilton Beijing Daxing and the Hilton Beijing TongzhouBeitou.

Hence, it can be concluded that although the COVID-19 pandemic has caused devastating disruption to the travel and hospitality industry across China, leading to unprecedented economic and social consequences. Since the second half of 2020, the hotel market in China has shown signs of recovery gradually. As per our analysis, the hotel industry has been observed on a growth track during the study period. Home-grown hotel companies primarily dominate the hotel industry in China. Domestic brands and their chains cover the total market in the country. Our research findings show that China Hotel Market Size was USD 57.62 Billion in 2020.

Key Hotels Performance in China

The key players in China Hotel Market studied in the report are Huazhu Hotels Group Ltd, Zhejiang New Century Hotel Management Co. Limited, Shanghai Jin Jiang International Hotels (Group) Company Limited, Jinmao Hotel and Ctrip. The industry is expected to expand with several new openings, mergers and acquisitions, which will enhance the market value and result in more revenue generation.

Renub Research report titled “China Hotel Market & Forecast by Type (High End Hotel, Mid-Scale Hotel and Budget Hotel), Platform (Online and Offline), City (Beijing, Shanghai, Guangzhou, Shenzhen, HongKong, Macau,), Companies (Huazhu Hotels Group Ltd, Zhejiang New Century Hotel Management Co. Limited, Shanghai Jin Jiang International Hotels (Group) Company Limited, Jinmao Hotel and Ctrip)” provides a complete analysis of Chinese Hotel Industry.

Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=china-hotel-market-p.php

Hotel Type – China Hotel Market has been covered from 3 viewpoints:

1.    High End Hotel

2.    Mid-Scale Hotel

3.    Budget Hotel

Ordering Platform – China Hotel Market has been covered from 2 viewpoints:

1.    Online Hotel Market

2.    Offline Hotel Market

Beijing – Five Star Hotel Status has been covered from 4 viewpoints:

1.    Room Average Daily Rate (ADR)

2.    Occupancy Rate

3.    Room Stock

4.    International Visitors in City

Shanghai – Five Star Hotel Status has been covered from 4 viewpoints:

1.    Room Average Daily Rate (ADR)

2.    Occupancy Rate

3.    Room Stock

4.    International Visitors in City

Guangzhou – Five Star Hotel Status has been covered from 4 viewpoints:

1.    Room Average Daily Rate (ADR)

2.    Occupancy Rate

3.    Room Stock

4.    International Visitors in City

Shenzhen – Five Star Hotel Status has been covered from 4 viewpoints:

1.    Room Average Daily Rate (ADR)

2.    Occupancy Rate

3.    Room Stock

4.    International Visitors in City

hong kong – Five Star Hotel Status has been covered from 4 viewpoints:

1.    Room Average Daily Rate (ADR)

2.    Occupancy Rate

3.    Room Stock

4.    International Visitors in City 

Macau – Five Star Hotel Status has been covered from 4 viewpoints:

1.    Room Average Daily Rate (ADR)

2.    Occupancy Rate

3.    Room Stock

4.    International Visitors in City 

All companies have been covered from 3 viewpoints:

1.    Overviews

2.    Recent Initiatives

3.    Hotel Revenue

Company Analysis:

1.    Huazhu Hotels Group Ltd

2.    Zhejiang New Century Hotel Management Co. Limited

3.    Shanghai Jin Jiang International Hotels (Group) Company Limited

4.    Jinmao Hotel

5.    Ctrip

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business  decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and  transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, 

Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives  across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra- competitive markets.

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

Follow on Linkedin: https://www.linkedin.com/company/renub-research