Demand for room nights in China’s top destinations grew impressively last year (2011) according to Horwath HTL, the world oldest and largest hospitality consulting network, during a presentation at the 8th annual China Hotel Development and Financing Conference in Beijing. Of the lowest 4 performing markets Dalian, Hangzhou, Shenzhen and Shanghai, the latters loss…
Demand for room nights in China’s top destinations grew impressively last year (2011) according to Horwath HTL, the world oldest and largest hospitality consulting network, during a presentation at the 8th annual China Hotel Development and Financing Conference in Beijing.
Of the lowest 4 performing markets Dalian, Hangzhou, Shenzhen and Shanghai, the latters loss of Expo-related demand was clearly the main factor in a miserly growth of 0.3% with the others all recording RND growth of around 6 to 7%.
The next 5 markets Qingdao, Chongqing, Xian, Nanjing and Beijing all recorded between 10 to 20 percent growth, with Qingdao and Chongqing exceeding 15% growth in 2011. The top six markets Tianjin, Suzhou, Chengdu, Guangzhou, Sanja and Xiamen all managed to record in excess of 20% growth in RND, with Chengdu and Suzhou recording above 25% growth and Tianjin in excess of 30% growth.
Julie Dai, Director of Horwath HTL China said “What we see is that 2011 was a very strong year in regards to the underlying room night demand growth across the major hotel markets in China. Even Shanghai, with its post Expo rooms hangover managed to scrape into positive territory and to have 11 markets in excess of 10% growth is impressive”.
Tatiana is the news co-ordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes to monitor the hundrends of news sources of TravelDailyNews Media Network and skim the most important according to our strategy. She holds a Bachelor degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.
