Growth in the rate of domestic tourism is one of the key factors that is driving the growth of the demand for premium hotels in China. With Increased impact of new technologies such as big data premium hotels across China are looking to inject new technologies into their daily operations. Apart from offering the hotel as a service, major players in the market are also working hard to identify innovative avenues to attract potential customers to fulfill the regular consumption quota, while seeking upgrades in regional premium hotels. A study of the Chinese premium hotels industry is compiled and published in the report titled, “PREMIUM HOTELS - CHINA - JULY 2019” that has been added to the massive research repository of Market Research Hub (MRH). As the categories of premium hotels mature across China, indications of cross border cooperation for luxury hotels in the country has also gone up. For instance the InterContinental Hotels Group announced a partnership with Didi Chuxing, a one stop mobile transport platform.
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International brands continue to play key roles in the development of premium hotels across the country. Some examples of these include the Marriott International and the InterContinental Hotels Group.
The market for premium hotels in China is largely fragmented. Consecutively, with increased competition in China, players are aiming to boost personalization for guests. Premium hotels are making use of unique designs, wellness services, and smart rooms to generate differentiation. The trend of differentiation is also being brought through by retailing products which source designs from the hotels themselves.
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Premium Hotels - China – July 2019: Report Overview
The report on the premium hotels industry for China in July 2019 provides the readers with a detailed analysis on the landscape of hospitality industry operating in China. Industry-based forecasting models include a full analysis of the research publication and primary interviews with industry participants in addition to consumer data.
The report also includes detailed interviews conducted by leading market analysts with industry savants, hospitality experts and industry analysts to provide key validations of the sales volume and relevant assumptions in the study.
The premium hotels industry report for China in July 2019 foresees the performance of the market progress in terms of volumes forecast by different categories including sales, marketing, technology, and costs, in addition to factors such as the growth of the Chinese premium hotels market.
For each of these categories, business development strategies and market projections adopted by key market players for specific strategies has also been added to the report. Valuable insights which can be helpful for manufacturers operating in the Chinese premium hotels market are provided in the report.
Assessment of pricing analysis, supply-demand equation, market expansion strategies, and barriers to market entry, makes the report a highly credible source of data for business professionals interested in the Chinese premium hotels market.
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