The Tourism employment in Accommodation segment in China, registered a value of USD 9,237.80 million in 2021
The indicator recorded a historical growth (CAGR) of 3.93% between 2018 to 2021, and is expected to grow by ...
GlobalData projects the indicator to grow ...
Tourism employment in Accommodation segment in China experienced an high growth in 2021
The travel and tourism industry consists of revenues generated by passenger airlines, passenger rail, foodservice, hotels and motels, travel intermediaries and casinos and gaming market.
The hotels & motels industry value consists of room revenue and non-room revenue, including casinos, shops and telecommunication services.
Effects of COVID-19 in the Chinese travel and tourism sector
The Chinese travel and tourism industry grew at a healthy rate prior to the pandemic, with some slowdown evident in 2019. The industry suffered a steep decline in 2020 amid the COVID-19 pandemic. The industry is expected to recover and achieve very strong growth, with moderate rates expected over the remainder of the forecast period. China is a vast country with a wide variety of tourist attractions and diverse culture, which has led to it becoming a major tourist destination globally. It’s growing popularity as a destination is mainly due to the availability of different cultures, ancient cities, and natural highlights. Some of the main attractions include the Great Wall of China, the Forbidden City in Beijing, the Terracotta Army, and events such as the Lunar Festival. Government tourism strategies have also been encouraging growth as China looks to diversify its economy to focus more on services and away from manufacturing.
As well as causing revenue to decline in the industry, the pandemic has also contributed to the closure of many hotels and motels in the country.
Who are the leading players in the accommodation sector in China?
The leading player in the Chinese hotels and motels industry is Shanghai Jin Jiang Capital Co Ltd (Jin Jiang Capital) is a hotel management company. It operates star rated and budget hotels globally.
Huazhu Group Ltd, formerly China Lodging Group Ltd, has been ranked as the 12th largest hotel group globally. It focuses on economy, upper midscale, upscale and midscale hotel segments.
BTG Hotels (Group) Co., Ltd. (BTG), formerly Beijing Capital Tourism Co., Ltd., is a leading player in China, with lots of establishments in operation across the world, including over numbers of establishments in China.
GreenTree Inns Hotel Management Group operates a variety of brands within the midscale segment of the industry. The company is headquartered in Shanghai, China.
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