According to the latest data, tourism’s GDP growth rate is expected to be 9.7%, making it one of the fastest-growing countries.
Marriott Bonvoy launches co-branded credit cards with China CITIC Bank
Marriott Bonvoy China CITIC Bank Co-branded Credit Cards combine the competitive advantages of a major card company with the reach and choice of the highly-awarded travel program.
Rosewood Hotels & Resorts announces opening of Rosewood Xi’An in 2026
Rosewood Xi’an will feature a total of 180 rooms and suites in addition to four food and beverage outlets including a casual bistro, Chinese restaurant, specialty restaurant and a bar.
China’s hotel construction pipeline hits record high
At the end of Q1 ‘22, China’s total hotel construction pipeline reached record high project and room counts.
Hotel grew revenue by almost 9Million RMB with IDeaS
IDeaS Consulting helps build revenue culture within the International Youth Convention Hotel leading to revenue growth of 8.64Million RMB.
Asia Pacific hospitality update – Week ending 25 March 2022
Ascott Acquires Two Properties in Ningbo China and Amsterdam for around USD190 million.
China Tourism sector could reach CNY 11 trillion this year
Sector’s contribution to the GDP could be just 5.2% behind pre-pandemic levels.
China hotel rates higher than 2019 level during Lunar New Year
Mainland China’s hotel industry surpassed its 2019 comparable in Lunar New Year ADR even with substantially lower occupancy.
China’s hotel construction pipeline closes 2021 at record high
China’s total hotel construction pipeline at the end of the fourth quarter was up 9% by projects and rooms year-over-year.
APAC hotel construction pipeline ends 2021 with record highs
Asia Pacific’s total construction pipeline, excluding China, ended 2021 with Project counts up 5% year-over-year.
