China Hotel Industry, 2012-2014 - Market Analysis,
Size, Share, Growth, Trends And Forecast Report by
Market Research Store
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China Hotel Industry, 2012 - 2014 - Market Analysis,
Size, Share, Growth, Trends and Forecast Report
by Market Research Store
China Hotel Industry Report, 2012-2014: Market Analysis, Size, Share,
Growth, Trends and Forecast Research Report
An accordance with China Hotel Industry Report, 2012-2015 released by Sino
Market Insight, the sales of Chinese hotel industry will reach RMB 308.6
billion in 2015.
By the end of Q2 2012, there had been 12,280 star-rated hotels in China,
including 194 one-star hotels, 3,487 two-star hotels, 5,699 three-star hotels,
2,242 four-star hotels and 658 five-star hotels. In Q2 2012, the total revenue
of Chinese star-rated hotels grew 7.5% year-on-year to RMB60 billion, of
which the revenue from food & beverage amounted to RMB26.27 billion,
accounting for 43.8% of the revenue; and the revenue from guest room hit
RMB26.66 billion, making up 44.5%. It is expected that, in 2015, the revenue
of star-rated hotels in China will register RMB308.6 billion.
In recent years, the astonishing progress of budget hotels is a remarkable
characteristic of Chinese hotel industry. By Q4 2011, the budget hotels in
China had numbered 7,314. Due to its acquisition on Motel 168 in Q4 2011,
Home Inns has 1,426 hotels in operation with 176,562 rooms, ranking No. 1
in terms of market share. Additionally, the budget hotels enjoy the rising
position in Chinese hotel industry. Amongst China’s top 25 hotels in 2010, Jin
Jiang, Home Inns and 7days occupied the top 3 in total number of rooms.
The economic development and the residents’ rising demand for business
travel...