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May
2014

The trend for 2014

Since the end of 2012, the central government has issued a series of new policies and regulations, that have in the main targeted anti-corruption and that have put high-end hotels in China under the unprecedented pressure as government departments have cut back on their entertain and travel spending.

The knock on affect of 2012 meant that the Chinese hotel market suffered throughout 2013. However, these regulations also helped the hotel sector gradually return to a more rational condition and in fact, some international brands have seen them as an opportunity rather than challenge. Foreign acquisition and big brand annexation of smaller brands, all helped the industry mature. …

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