HVS Beijing releases the China Hotel Investment Watch 2013: A China Overview

BEIJING - According the China Hotel Investment Watch 2013 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.“

Sourced: TravelDailyNews