The Asia Pacific market is one of the most bankable in the international hospitality industry. The region continues to see increased growth, and China is perhaps one of the tourism strongholds of the regions.
Data complied from the TOPHOTELPROJECTS database outlines the Chinese project pipeline, and reports an incredible 744 proposed openings which will give a total key count of 199,955 rooms. The lion's share of the projects will be in the luxury 5-star category, while the rest will be 4-star, 446 and 298 in each category respectively.
As is common, many of the new hotels and resorts will be located in urban centres or in areas where tourism is already a mainstay of the economy. Shanghai will benefit from 52 new hotels and 30 projects will open in Chengdu. The idyllic paradise of Sanya on Hainan Island will receive 28 new hotels, adding to the already substantial collection of upscale resorts on the Yalong Bay.
Big name brands are some of the most high-profiled investors in the area, with industry leaders Marriott and Hilton at the helm of development. Hilton will bring its tally to 446 hotels in the area, while Four Points by Sheraton and Sheraton Hotels and Resorts will operate a similar number of projects each.
2017 and 2018 will be busy years across the People's Republic of China. This year some 242 hotels will open their doors to guest, while 2018 will see a projected total of 256 hotels come to fruition. 114 projects will open in 2019, while 2020 and beyond will usher in 132 hotels and resorts in China.