Hospitality Industry in China Market Competitive Analysis With Growth Forecast till 2029 Huazhu Hotels Group Ltd, InterContinental Hotels Group PLC

The research on Hospitality Industry in China Market Perspective, Comprehensive Analysis, and Major Segments and Forecast, 2023-2028. The Hospitality Industry in China market report is a valuable source of data for business strategists. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). The report explores the current outlook in global and key regions from the perspective of players, countries, product types, and end industries. This study provides comprehensive data that enhances this report's understanding, scope, and application. The report also conducted a PESTEL analysis of the industry to study the industry's main influencing factors and entry barriers.

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Some of the key players profiled in the study are: Huazhu Hotels Group Ltd, InterContinental Hotels Group PLC, Zhejiang New Century Hotel Management Co. Limited, Shanghai Jin Jiang International Hotels (Group) Company Limited, Marriott International, Jinmao Hotel, Ctrip, Shangrila Hotels and Resorts, Guangdong (International) Hotel Management Holdings Limited, BTGJIANGUO Hotels and Resorts and Others.

The hospitality industry in China has been growing significantly and is forecast to continue growing in the future as well, owing to high population, majority of the people preferring domestic travel, and the rising number of international visitors. The growing economy is also encouraging domestic travel and the government is boosting holiday travel by releasing holiday travel restrictions and introducing a five-day work week, aiming at longer vacations. The efforts by the government are yielding expected benefits, as domestic tourism contributed around USD 1.47 trillion to the GDP in 2018. Many international hotel brands and their chains continued to expand in China, while the domestic brands are focusing on expanding their footprint through mergers and acquisitions. The government has introduced the Greater Bay Area Plan and the Belt and Road Initiative, to bring in higher demand for luxury hotels in the country.

Key Market Trends

To Meet the Rising Demand in China, the Total Number of Hotels are Increasing

With the increasing demand for domestic and international tourism, the total number of hotels in China are rapidly increasing. China accounted for more than 20,000 hotels in 2018, which was almost double the number of hotels that the country had in 2008. The country had around 10,200 hotels that belonged to both domestic and international brands and their chains, back in 2008. The total number of hotel rooms in China accounted for around 2.2 million units in 2008, which almost doubled to around, 4 million units, in 2019.

Regional Insights

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of the Hospitality Industry in China Market in these regions, from 2023 to 2028 (forecast), covering
North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Columbia, etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

Main Objective of the Report

An increased focus on customer satisfaction and experience surveys will be beneficial for users to opt for market research services. As competition grows, businesses are compelled to come up with innovative tactics to keep and draw in clients. To provide high-quality products or services, many organizations continuously solicit customer input to attain this goal. Market research services for the Hospitality Industry in China market are expected to rise between 2023 and 2028 as a result of firms placing a greater emphasis on consumer satisfaction with their products and services.

Impact of the Hospitality Industry in China market report:
-Comprehensive assessment of all opportunities and risks in the Hospitality Industry in China market.
-Hospitality Industry in China market recent innovations and major events.
-Detailed study of business strategies for growth of the Hospitality Industry in China market-leading players.
-Conclusive study about the growth plot of the Hospitality Industry in China market for forthcoming years.
-In-depth understanding of the Hospitality Industry in China market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Hospitality Industry in China market.

Strategic Points Covered in Table of Content of Hospitality Industry in China Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Hospitality Industry in China market (2023-2028)

Chapter 2: Exclusive Summary - the basic information of the Global Hospitality Industry in China Market

Chapter 3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Global Hospitality Industry in China; Post COVID Analysis

Chapter 4: Presenting the Global Hospitality Industry in China Market Factor Analysis, Post COVID Impact Analysis, Porter's Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, and Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End-User, and Region/Country 2017-2023

Chapter 6: Evaluating the leading manufacturers of the Global Hospitality Industry in China Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries, and by Manufacturers/companies with revenue share and sales by key countries in these various regions (2023-2028)

... To be continued

Customization of the Report: This report can be customized as per your needs for additional data for up to 5 companies or 5 countries or nearly 40 analyst hours.

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