Today: October 21, 2016, 11:58 pm

New C&M analysis: China Travel Accommodation Market
Travel Accommodation in China - a new market research report on 2014-04-21 02:11:02
The relatively gloomy global economic outlook towards the end of the review period and the unresolved European sovereign debt crisis had a negative influence on the operations of many businesses around the world during 2012, leading many companies to tighten their travel budgets. Travel accommodation in China was also hit hard, as the number of business guests staying in the country´s hotels declined. Even though the number of domestic tourism trips in China increased by 12% during 2012, value growth in travel accommodation overall continued to slow down. The 9% current value growth recorded in travel accommodation in China during 2012 was considerably lower than the 13% current value growth recorded in the category during 2011.

InterContinental Hotels Group Plc maintained the flimsiest of leads in the highly fragmented category of hotels in China in 2012 with a 3% value share. Having adopted a multi-brand strategy in China, during 2012 InterContinental officially unveiled its China-tailored brand Hualuxe Hotels and Resorts. This new brand aims to cater specifically to high-end Chinese consumers. This line of hotels is set to concentrate mainly on developing in China´s second-tier and third-tier cities in order to complement the company´s current hotels, the majority of which are located in China´s first-tier cities. The first Hualuxe Hotel is expected to open for business by the end of 2014, at the latest.

Travel accommodation is expected to increase in constant value at a CAGR of 7% over the forecast period, with this growth set to be driven mainly by the stable demand for travel accommodation among corporate business travellers, although rising domestic leisure tourism is also set to play a role. Domestic leisure tourism is estimated to make substantial contribution to the steady growth anticipated in travel accommodation during the forecast period thanks to rising disposable income levels and ongoing improvements in the living standards of average Chinese consumers.

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

# 507 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.