The China hotel industry is comparatively less affected by the COVID-19 pandemic during 2020, as the market shifted from International to domestic travellers.
China Hotel Market to grow at a CAGR of 12.47% from 2021–2027
The China Hotel Market is expected to reach USD 131.15 Billion by 2027. The Hotels industry in China has developed rapidly over the past decade and is an increasingly important industry in many cities and regions in China. The hotel industry represents a crucial component of financial industry outputs, job creation, and business opportunities contributing to local economic development. Evaluating hotel performance is vital for hotel management and strategy by indicating gaps and guiding future Improvement.
