Premium Hotels - China - July 2019
Covered in this report
This report covers classified and unclassified hotels, guesthouses, hostels and other transient accommodation for visitors. Travel accommodation comprises dedicated, serviced establishments which offer overnight accommodation for a fee for business/tourist reasons but not residents only.
All establishments which offer overnight accommodation (for holiday/business use only) dedicated, self-catering, apartment/ extended-stay hotels which offer some element of hotel service, such as housekeeping, for a fee.
- Marriott International, Inc
- Hilton Worldwide Holdings, Inc
- Hyatt Hotels Corporation
- InterContinental Hotels Group plc
- Wyndham Hotels & Resorts, Inc
- Accor Hotels
- Shangri-La Asia Limited
- Zhejiang New Century Hotel Management Co., Ltd.
- Jinjiang Hotels
“The premium hotel segment has seen steady growth over the past five years. The segment outlook is positive and it is estimated to grow at a CAGR of 6.0% between 2019-24. Premium hotels are harnessing unique designs, smart rooms and wellness to differentiate. Premium brands may also differentiate themselves by developing services that respond to consumers' desire to connect with others offline. There is also an opportunity for premium hotels to cash in by retailing products with creative designs that source ideas from hotels’ unique designs.”
– Saskia Zhao, Research Analyst
This report will look at the following areas:
- As premium hotels expand into retail, themed hotels can sell products based on their creative hotel designs
- Consumers’ need for authentic connections offers a touchpoint for premium hotels
- Responding to consumers’ hobbies: another way to enhance experiences
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