Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Hotels in Mainland China

Shaun Brodie • 27/10/2022

Hotels in Mainland China

Shaun Brodie • 27/10/2022
Mainland China Hotels Report 2022
 

Checking out the Opportunities for Future Growth

 
According to data from Meadin (MTA), in 2022, it is estimated that the number of hotels in mainland China’s first-tier cities is over 38,000, of which, Beijing, Shanghai and Guangzhou have around 10,000 hotels, while Shenzhen’s total is around 7,400.
 
With regard to recent new hotel supply, the COVID-19 epidemic in 2020 has certainly impacted on volume numbers for each of the first-tier city markets. Having said this, the number of hotels opened in these markets is still considerable.
 
Looking at overall hotel market occupancy, average room rates and RevPAR change in the first-tier city markets between January-July 2019 and January-July 2022, a general market softening was witnessed. According to STR, all three market performance indicators across all first-tier cities dipped on the pre-pandemic registered figures.

Related Insights

The Appeal of Co-Living in Singapore
Insights • Residential

The Appeal of Co-Living in Singapore

The demand for co-living has heated up in recent times, fueled by a confluence of surging residential rents and prices as well as construction delays of new homes
26/01/2023
2021-2022 Asia REIT Market Insight
Insights • Capital Markets

2021-2022 ASIA REIT Market Insight

Cushman & Wakefield’s report investigates the burgeoning Real Estate Investment Trust market in Asia, examining the primary drivers and state of play in key markets mainland China, Hong Kong SAR, India, Japan and Singapore.
Catherine Chen • 08/06/2022

Related Stories

A New Lease on Life for Regional Heritage Buildings
Northam and Charters Towers • Government, Retail, Residential
Learn More
Alpen_Cardimage
Osaka Flagship Store Leasing • Osaka Flagship Store Leasing
Learn More

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
MORE OPTIONS
AGREE AND CLOSE
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS