Hotel Trends in China 2013
By Nigel Summers on July 10, 2013
Horwath HTL China’s Area Director Nigel Summers has written an update on the Chinese hotel market.
“Huge Supply… Some Easing, Some Not: The huge amount of new supply entering many markets in China is well known. There are several markets where the pipeline of new properties shows no signs of stopping and these are going to experience distress and most likely increased disputes being owners and operators. However, for a number of cities, the supply onslaught is reaching its peak and as it gradually recedes, the substantial demand growth that China’s hotel sector exhibits should lead to quite quick market recoveries over a 2 to 5 year period.”