RSSNewsletterSiteMapFeedback

Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Leisure, Fun & Tourism Tools: Save | Print | E-mail | Most Read | Comment
Bright future for mainland hotels as tourism poised to boom
Adjust font size:

The World Tourism Organization has forecast that the Chinese mainland is expected to become the world's second most-popular tourism destination after France by 2010.

 

Several factors will contribute, including a strong economic backdrop, and further opening of the domestic tourism market to foreign tour operators.

 

There is also a fast-emerging MICE market (meetings, incentives, conventions and exhibitions) as well as several milestone events like the 2008 Beijing Olympics and 2010 Shanghai World Expo.

 

Therefore, key gateways such as Shanghai and Beijing continue to be the preferred investment locations for hotels, while investors are also showing interest in hotels in more prominent second-tier cities where opportunities are more available.

 

The potential gains are considered attractive, says a recently published industry digest by Jones Lang LaSalle Hotels.

 

Shanghai

 

Tourism and demand for accommodation in the country's commercial and financial center is expected to grow over the coming years.

 

Shanghai remains the pilot market on the Chinese mainland for new hotel brands, says the report.

 

In 2006, JIA boutique hotel launched its outlet on Nanjing Road W. whilst Accor has unveiled a Pudi boutique hotel close to Fuxing Park. Under development are a Conrad and a Jumeirah in Xintiandi.

 

Drivers for robust accommodation demand include the city's hosting of world-class events such as the Special Olympics, FIFA Women's World Cup in 2007, annual events such as Formula One and in particular, World Expo 2010.

 

In addition, the development of three major convention areas in Pudong, Hongqiao and Nanjing Road W. as well as new exhibition facilities will further cater to the growing MICE demand. The construction of Shanghai Happy Valley, which is supposed to be the biggest theme park in eastern China, will likely attract about five to seven million visitors every year upon its completion in 2010.

 

Moreover, upgrades to the city's airports will encourage further growth of inbound arrivals. By next year, Pudong airport will have two terminals and three runways while the expansion of Hongqiao airport features a new 3.3-kilometer runway and a 250,000-square-meter terminal is slated to open by 2010.

 

In terms of future supply, the Jones Lang LaSalle digest has found that more than 6,982 four- to five-star hotel rooms are under construction and being planned from 2007 onwards.

 

Significant international projects in the pipeline include the W Hotel Pudong by Starwood, the Wyndham, the HanTang Jumeirah and Conrad hotels, all of which have chosen Shanghai as their launch pad on the Chinese mainland.

 

Beijing

 

As one of the largest and fastest-growing cities in the world, tourism and the hotel market are forecast to experience strong growth over the medium to long term.

 

A favorable economic outlook, a growing MICE market, better infrastructure as well as the city's hosting of the 2008 Olympics will all propel Beijing's tourism and hotel growth, says Jones Lang LaSalle.

 

Meanwhile, Beijing has been a key entry market for investors keen to ride the growth on the Chinese mainland. The influx of international brands helps further promote the city to the world and potentially increase room rates.

 

International hotels are expanding their footprint beyond traditional locations within the Central Business District, Wangfujing and the Lufthansa Center.

 

They are now establishing a presence at Financial Street, Xidan, Zhongguancun, south of Chang'an Avenue, the airport and the new Exhibition Center area in Shunyi to satisfy growing demand.

 

Moreover, driven by the growth potential of the Beijing hotel market, international operators are putting their flags on properties in multiple locations in the capital city.

 

For instance, Ritz-Carlton is located at both Financial Street and China Place while Westin is at both Financial Street and the Landmark area.

 

Beijing Municipal Tourism Bureau announced earlier that the supply of star-rated hotels could increase to 800 properties to accommodate the needs of the 2008 Olympic Games, almost 23 percent more than the current level.

 

Among the new supply, 76.5 percent, or 9,710 rooms, is expected to enter the market in 2007 and 2008, just in time to capture the Olympic demand.

 

(Shanghai Daily December 4, 2007)

Tools: Save | Print | E-mail | Most Read

Comment
Username   Password   Anonymous
 
China Archives
Related >>
- Tourism promotion fair leads to big deals
- Effect of new holiday plan on tourism industry
- Beijing prepares for foreign tourists
Most Viewed >>
-China set to hit the brakes on rising yuan
-Power to resume shortly in worst-hit area by snow
-Online operators are on top of the game
-Macao's gaming market expands further
-Insurance firms set to stump up billions

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright ? China.org.cn. All Rights Reserved E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP證 040089號

主站蜘蛛池模板: 猫咪免费人成网站在线观看入口| 国产精品27页| 午夜视频在线观看国产www| 99精品在线免费观看| 精品久久亚洲一级α| 国产网站免费看| 中文字幕人妻高清乱码| 欧美理论片在线观看一区二区| 国产亚洲综合色就色| a级午夜毛片免费一区二区| 最新国产AV无码专区亚洲| 午夜寂寞视频无码专区| 777奇米影视四色永久| 成年女人a毛片免费视频| 亚洲日本一区二区三区在线不卡 | 香蕉伊思人在线精品| 成人永久福利在线观看不卡| 亚洲国产精品福利片在线观看| 国产v精品成人免费视频400条| 18禁白丝喷水视频www视频| 性高湖久久久久久久久aaaaa | 亚洲国产日产无码精品| 精品国产一区二区三区不卡在线| 国产激情电影综合在线看| 一区二区中文字幕在线观看| 晚上看b站直播软件| 亚洲综合色网站| 老鸭窝在线观看视频的网址| 国产精品福利网站| 一区二区高清视频在线观看| 探花国产精品三级在线播放| 亚洲伊人久久大香线蕉| 神宫寺奈绪jul055在线播放| 国产卡一卡二卡三卡四| 6080yy午夜不卡一二三区| 成人艳情一二三区| 中文字幕无码免费久久9一区9| 最近日本免费观看直播| 亚洲精品理论电影在线观看| 老司机免费福利午夜入口ae58| 国产精品一区二区av不卡|