Hotels In Mainland China —Checking Out The Opportunities For Future Growth
Shaun Brodie • 27/10/2022
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.
Insights • Economy
Vietnam has grown to become one of the e-commerce markets with the biggest potential in the ASEAN region. According to the 2020 Southeast Asia e-commerce report by Google, Temasek and Bain & Company, the average growth rate for the period 2020 - 2025 is 29% and by 2025, the scale of Vietnamese e-commerce will reach 52 billion USD.Trang Bui • 29/02/2024
Research • Investment / Capital Markets
Siheung and Ansan areas can access major cities such as Seoul, Incheon, and Suwon, a densely populated area within one hour by taking advantage of the wide-area transportation network. It is emerging as a logistic base for e-commerce retailers.Carter Kim • 26/02/2024