Guangzhou Hospitality

Asian Cities

1H 2016

 

According to figures from the China National Tourism Administration (CNTA), the number of star-rated hotels in Guangzhou fell from 14,237 in 2009 to 11,970 in 2015, down 15.92%. However, given the increase in individuals’ consumption ability and higher experiential requirements, the number of mid- to high-end hotels witnessed steady growth; some unrated boutique hotels also saw strong development.

Additionally, average occupancy rates in China remained stable at 55% – 65%. The nationwide occupancy rates of five- and four-star hotels fell by 5.6% and 1.9%, respectively, in 2014 and little recovery was seen in 2015. Influenced by the slowing of the national economy, both the average daily rate (ADR) and revenue per available room (RevPAR) saw a slight decrease nationwide.

 
 

Key contacts

Simon Smith

Simon Smith

Senior Director
Research & Consultancy

kamaco Two Exchange Square

+852 2842 4573

 

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