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Country Report

Luxury Hotels (5-star plus) in

Luxury Hotels in China

Feb 2019

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Wellness, unique services and high-end experiences are the new expectations regarding luxury hotels

In today’s China, luxury travellers and consumers are getting younger. Meanwhile, there is also a changing attitude towards the concept of luxury.

The boom in “all-for-one tourism” fuels growth in both occupancy and revenues for luxury hotels

Chinese Premier Li Keqiang referred to “all-for-one tourism” and domestic leisure travel in the Report on the Work of the Government, which embraces areas of popular tourism by implementing holiday pay and supporting the construction of holiday resorts and self-driving tours. The state is making a big push to develop China’s domestic tourism industry by reorganising tourism resources, promoting integrated development and fuelling the rapid development of road and rail networks.

Luxury hotels turn to artificial intelligence upgrades, hoping that this will appeal to millennials

To keep up with technological advancements, luxury hotel groups embraced digital-age technologies, such as voice-control technology and facial-recognition check-in technology, to roll out innovations and upgrades at their properties throughout China in 2018. InterContinental Hotels Group teamed up with Baidu, a Chinese tech company specialising in internet search services and artificial intelligence, to introduce artificial intelligence-supported Smart Rooms in its pilot properties, High-end suites at InterContinental Beijing Sanlitun and InterContinental Guangzhou Exhibition Centre will "fully embrace voice control technology” to deliver a more natural human–computer interactive experience.

COMPETITIVE LANDSCAPE

Top contenders bet heavily on China’s key second- and third-tier cities

All the big players within luxury hotels perceive China’s middle-sized cites as a new revenue engine, and they have good reasons to expand their footprint in the country given the Chinese government’s support. New government-supported tourist areas such as Shangri-la, Lijiang, Guilin, Xian and Chengdu will benefit from government and corporate investment to meet this demand and will be favoured by luxury hotel groups.

Rapid expansion causes concern

However, there are concerns that such rapid expansion may damage the reputations of luxury hotel companies due to reduced room rates to achieve reasonable occupancy rates. On the other hand, the RevPar (revenue per available room), one of the key metrics gauging hotel performance, increased in China in 2017, but it was still a long way behind that in advanced economies because of an oversupply of hotel rooms.

Luxury groups launch new mid-range brands in China

Millennials in China have adopted a carpe diem attitude and are willing to spend their monthly salaries to experience something new or unique, to place themselves as a trendsetter or a fashion-follower. They are the key consumer group for mid-range lodgings in China considering their relatively high spending on leisure.

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Overview

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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Luxury Hotels (5-star plus) industry in China with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Luxury Hotels (5-star plus) industry in China, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Hotels (5-star plus) in China market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Luxury Hotels (5-star plus) in China?
What are the major brands in China?
What is the rate of development for chained hotels vs independent hotels?
How are luxury hotels performing compared to mid-priced and budget hotels?
Is there an increase in hostels and campsites?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our

Travel and Tourism market research database

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Luxury Hotels in China - Category analysis

HEADLINES

PROSPECTS

Wellness, unique services and high-end experiences are the new expectations regarding luxury hotels

The boom in “all-for-one tourism” fuels growth in both occupancy and revenues for luxury hotels

Luxury hotels turn to artificial intelligence upgrades, hoping that this will appeal to millennials

COMPETITIVE LANDSCAPE

Top contenders bet heavily on China’s key second- and third-tier cities

Rapid expansion causes concern

Luxury groups launch new mid-range brands in China

CATEGORY DATA

Table 1 Sales in Luxury Hotels: Value 2013-2018
Table 2 Sales in Luxury Hotels: % Value Growth 2013-2018
Table 3 Sales in Luxury Hotels by Country of Origin: % Value 2013-2017
Table 4 NBO Company Shares in Luxury Hotels: % Value 2013-2017
Table 5 LBN Brand Shares in Luxury Hotels: % Value 2014-2017
Table 6 Forecast Sales in Luxury Hotels: Value 2018-2023
Table 7 Forecast Sales in Luxury Hotels: % Value Growth 2018-2023

Luxury Goods in China - Industry Overview

EXECUTIVE SUMMARY

Strong and growing momentum of luxury goods in China within a healthy macroeconomic context

Millennials are major consumers of Chinese luxury goods

Significant variation across segmented categories

Internet retailing sustains robust growth, catering to digitally aware consumers

Growth momentum is set to continue

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2013-2018

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2013-2018
Table 10 Sales of Luxury Goods by Category: % Value Growth 2013-2018
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2018
Table 12 NBO Company Shares of Luxury Goods: % Value 2013-2017
Table 13 LBN Brand Shares of Luxury Goods: % Value 2014-2017
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2018
Table 15 Forecast Sales of Luxury Goods by Category: Value 2018-2023
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2018-2023

Megatrends

Country Report

Luxury Hotels in China

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Wellness, unique services and high-end experiences are the new expectations regarding luxury hotels

The boom in “all-for-one tourism” fuels growth in both occupancy and revenues for luxury hotels

Luxury hotels turn to artificial intelligence upgrades, hoping that this will appeal to millennials

COMPETITIVE LANDSCAPE

Top contenders bet heavily on China’s key second- and third-tier cities

Rapid expansion causes concern

Luxury groups launch new mid-range brands in China

Overview

Why buy this report?

SAMPLES

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Overview

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Table of Contents

Luxury Hotels in China - Category analysis

HEADLINES

PROSPECTS

Wellness, unique services and high-end experiences are the new expectations regarding luxury hotels

The boom in “all-for-one tourism” fuels growth in both occupancy and revenues for luxury hotels

Luxury hotels turn to artificial intelligence upgrades, hoping that this will appeal to millennials

COMPETITIVE LANDSCAPE

Top contenders bet heavily on China’s key second- and third-tier cities

Rapid expansion causes concern

Luxury groups launch new mid-range brands in China

CATEGORY DATA

Luxury Goods in China - Industry Overview

EXECUTIVE SUMMARY

Strong and growing momentum of luxury goods in China within a healthy macroeconomic context

Millennials are major consumers of Chinese luxury goods

Significant variation across segmented categories

Internet retailing sustains robust growth, catering to digitally aware consumers

Growth momentum is set to continue

MARKET INDICATORS

MARKET DATA

SOURCES

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