China"s hotel developers and investors are gradually shifting their focus from building new hotels to protecting their assets as uncertainties and challenges are building up, but the country"s hotel industry still offers great opportunities, according to a new report.
Approximately 4,000 additional hotel beds seem not be sufficient for the influx of visitors – 44 new hotels in Turkey’s construction pipeline.
Tourism in China contributes 192 billion dollars to economy, 62 million jobs plus extraordinary growth.
This was the second consecutive month with a declining growth rate and heralds the impact of the various economic contagions across the globe. For the first five months of 2012, the average growth in international visitor arrivals into Asia Pacific destinations was 6% up year-on-year.
Hotels.com surveyed more than 5,000 hotel partners worldwide and found 22% expect to see an increase in outbound Chinese travel by as much as 40%.
The first results of 2012 indicate that international tourism continued to show sustained growth in spite of challenging economic conditions.
at a somewhat slower rate, international tourist arrivals are on track to reach the milestone one billion mark later this year.
Chinese tourism is blossoming in the U.S., growing by more than 50% in just the last year. What can hoteliers and hospitality professionals do to reap the rewards from this demand?
Chinese tourism is blossoming in the U.S., growing by more than 50% in just the last year. What can hoteliers and hospitality professionals do to reap the rewards from this demand?
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