HVS Beijing Releases the China Hotel Investment Watch 2013: A China Overview
June 11, 2013 9:30am
June 11, 2013 - HVS Beijing has announced the publication of the China Hotel Investment Watch 2013: A China Overview.
HVS Beijing has announced the publication of the China Hotel Investment Watch 2013: A China Overview. The annual bilingual publication highlights the latest tourism and hotel trends for the country. Based on extensive HVS research, the publication provides insight, observations and projections regarding the China hotel arena. Some HVS findings include:
China’s economic development strategies for the future will include policies concerning people’s livelihood, fair distribution of social wealth, expansion of the middle class and “new-style” urbanization which was stated in the report delivered at the 18th National Congress, and is intended to create huge potential for enlarging domestic demand.
In 2012, total visitor arrivals to China registered a year-on-year growth of 11.4%, reaching approximately 3.1 billion. Tourism demand was positively influenced by several significant factors including the opening of the Beijing-Guangzhou High-Speed Railway, anticipation of Tourism Law, continuous appreciation of RMB since September 2012, and the release of the Outline of the National Leisure Plan (2013–20) which aims to generally improve the overall quality of leisure and tourism by 2020.
By the end of year 2012, there were 11,706 star-rated hotels in China, including 654 five-star hotels, 2,201 four-star hotels, 5,545 three-star hotels and 3,306 one- and two-star hotels, all offering more than 1.57 million rooms. Between 2000 and 2012, the star-rated hotel room inventory in China increased rapidly at a compound" annual growth rate of 10%.
“The HVS China Hotel Investment Watch, now in its fourth edition, provides market information and insights to industry stakeholders – including developers, owners, investors, financiers and policy-makers,” explains David Ling, Chairman of HVS China and Southeast Asia. “The information and insight is helpful for key decision makers as they as they contribute in the development of the tourism and hotel industries as key economic pillars in China. “
For a complimentary copy of China Hotel Investment Watch 2013-China Overview, please click here.
Contact: Helen Yin
HVS Manhattan Lodging Report Q4-2017
2018 European Hotel Valuation Index
European Hotel Transactions Reach Record Levels as Investors Step Up Interest in Southern Europe, Says HVS Report
HVS Market: Snapshot Seychelles Hundred Islands of Paradise
HVS Market Pulse: Palm Springs & Desert Cities
HVS Market Pulse: San Diego, CA
Supply-Induced Hotel Demand in Portland, Maine: An HVS Case Study
Hotel Bulletin Reveals Q4 2017 Was Tough for UK Hotels but Long-Term Outlook Looks Strong
HVS 2018 European Hotel Lending Survey Reports Positive Outlook for Financing Although Banks Showing Caution on Over-Supply
Africa: The Land of Opportunity
HVS Market Pulse: Downtown Los Angeles
Impact of Countervailing Forces on Hotel Values and Cap Rates
In Memoriam: HVS’s Michael Brophy
Casual Dining: A Fresh Perspective
HVS Market Pulse: Fort Worth, Texas
HVS Market Pulse: Seattle, Washington
China - Hotel Asset Management in Numbers
Reorganizing Spa Operations to Leverage Automation and Technology
HVS Market Pulse: Detroit, MI
HVS Market Pulse: Anaheim/Garden Grove
Please login or register to post a comment.