Today: October 21, 2016, 6:40 pm

Chinese motels industry accounts for 33% of China's accommodation sector
Motels in China - a new market research report on 2014-03-31 16:45:03
Industry revenue for the Motel industry in China is expected to decrease 0.7% in 2013 to $21.5 billion. Annualized growth over the past five years is estimated at 3.5%. There are about 71,028 motel enterprises in China operating 73,285 establishments and employing about 2.12 million people with an estimated payroll of $3.66 billion.

Currently, this industry accounts for about 33.0% of China´s accommodation sector. Half of the sector´s revenue is generated by hotels, which provide better services and surroundings than motels. The ongoing establishment of hotel chains and family hotels has intensified competition and reduced the size of China´s Motel industry. Rising labor costs and rent fees have also increased pressure on motel operators.

In the next five years, industry revenue is forecast to drop at an annualized rate of 1.9% to $19.5 billion due to increasingly intense competition from other accommodation service providers and rising cost burdens.

Click for report details: ..

Browse all Travel Market Research Reports ..

Browse all Travel Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 342 Words
Related Articles
More From Finance
P2P lending platform Monexo partners with IDBI-Trusteeship [..]
For Immediate Release: 2nd September 2016 MUKESH BUBNA, CEO Monexo Fintech Pvt Limited P2P [..]
Day Trade to Win New September Class [..]
Sold Out? New Class Added – On September 6, 2016, is launching a brand new eight-week trading boot camp [..]
FTM (Forget The Market) Reopens 3 Shares [..]
Port Vila, Vanuatu, 28th July 2016 - Investment firm FTM today announced the reopening of three separate share options, projected [..]
Ex-Citibanker Launching Online P2P marketplace in India [..]
A study conducted by World Bank shows that MSMEs in India face an estimated credit gap of INR 20.9 trillion [..]
New Frontier Portfolios Top Morningstar Rankings
New Frontier’s global strategic portfolios topped the Global Balanced Strategic/All-Inclusive category of the latest Morningstar ETF [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.