China's Tourism Industry is Expected to Keep Growing at an Annual Growth Rate of 10.4%.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c49297) has announced the addition of China Hotel Industry Report, 2007 to their offering. It was definitely put forward in Chinas 11th Five-Year Plan Five-Year Plan, Soviet economic practice of planning to augment agricultural and industrial output by designated quotas for a limited period of usually five years. to actively develop culture and tourism industries with huge demand potential. Meanwhile, China National Tourism Administration The China National Tourism Administration (CNTA) is the Chinese government authority responsible for the development of tourism in the country. The CNTA is subordinate to the State Council. Its headquarters are in Beijing, with regional branches in various provinces. also clarified the program to comprehensively develop domestic tourism, boost inbound in·bound 1 adj. Bound inward; incoming: inbound commuter traffic. Adj. 1. inbound tourism and regulate the outbound out·bound adj. Outward bound; headed away: outbound trains. Adj. 1. outbound - that is going out or leaving; "the departing train"; "an outward journey"; "outward-bound ships" tourism according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the 11th Five-Year Plan so as to realize the goals of inbound overnight tourists 68.8 million and domestic tourists 1.78 billion with a total tourism income of USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 156.5 billion. According to the forecast of WTTC WTTC World Travel and Tourism Council WTTC Welcome To The Club WTTC World Table Tennis Championships WTTC Wolverhampton-Telford Technology Corridor (UK) WTTC West Texas Training Center (San Angelo, Texas) , China tourism industry will keep an average annual growth rate of 10.4% in the coming ten years, among which individual and enterprise/government tourism consumption will increase by 9.8% and 10.9% respectively. The rapid growth of the tourism industry led to increasingly prosperity of hotel subsidiary industries, especially after SARS of 2003, star-level hotels and budget hotels in Chinas major cities developed rapidly. By the end of 2005, Chinas star-level hotels totaled to 12930, increasing 2042 with a year-on-year rate of 18.75%, hotel rooms reached 1.37 million, increasing 132.1 thousand with 10.67%, beds amounted to 2.55 million, increasing 183.4 thousand with 7.75%. Considering the current investment enthusiasm in hotel industry, the estimated amount of star-level hotels will reach 13500 by the end of 2006. During the past three years, budget hotels have kept a rapid growth of above 50% and entered a continuous growth period. In Oct of 2006, Home Inns was listed in American NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on , which also attracted capital to Chinas domestic budget hotels. Topics Covered 1 Retrospect of Hotel Industry in 2006 1.1 Ever-increasing Prosperity 1.2 Continuous High-Speed Hotel Supply VS Imbalanced Hotel Structure 1.3 Ever-Rising Room Price & Rental Rate of Star-Level Hotels 1.4 Rapid Expansion of Budget Hotel VS Structural Adjustment of Hotel Industry 1.5 Business Activities Boost the Prosperity of High-Level Hotels 1.6 Room Prices of Varied Hotels by Ownership 1.7 Hotel Supply in Varied Regions 2 Elements Affecting China Hotel Industry 2.1 Sustainable Development Sustainable development is a socio-ecological process characterized by the fulfilment of human needs while maintaining the quality of the natural environment indefinitely. The linkage between environment and development was globally recognized in 1980, when the International Union of Tourism Industry 2.2 Impact of Olympics Olympics Sports medicine An international competition among (traditionally) nonprofessional athletes trained in a particular summer or winter sport, which is held every 4 yrs in a selected city. See Paralympics, Special Olympics, World Medical Games. and Would Expo 2.3 Impact of RMB RMB Right Mouse Button RMB Regional Management Board (USACE) RMB Rolf Maier Bode (musician, band) RMB Ren Min Bi (currency of People's Republic of China) Appreciation 2.4 Others 3 Development Trends of Star-Level Hotels in 2007 3.1 Domestic Competition Pattern 3.2 Supply & Demand Situation of Regional Star-Level Hotels 3.3 Development Trends 4 Development Trends of Budget Hotels 4.1 Continuous Soaring soaring: see flight; glider. soaring or gliding Sport of flying a glider or sailplane. The craft is towed behind a powered airplane to an altitude of about 2,000 ft (600 m) and then released. Investment Enthusiasm 4.2 Rampant Competition 4.3 Franchise Chain Becomes the Tendency 5. Major Listed Enterprises 5.1 China CYTS Tours Holding Co., Ltd 5.2 Shanghai Shanghai (shăng`hī`, shäng`hī`), city (1994 est. pop. 12,980,000), in, but independent of, Jiangsu prov., E China, on the Huangpu (Whangpoo) River where it flows into the Chang (Yangtze) estuary. Jinjiang International Hotels Development Co., Ltd 5.3 Beijing Tourism Group 5.4 Hunan Huantian Great Hotel Co., Ltd 5.5 Others List of Charts Amount of Star-Level Hotels since 2000 Room Amount of Star-Level Hotels in the Past Years Structure of Star-Level Hotels, 2000-2006 Amount and Growth Rate of 5-Star Hotels since 2000 Amount and Growth Rate of 4-Star Hotels since 2000 Amount and Growth Rate of 2-Star, 3-Star Hotels Amount and Growth Rate of 1-Star Hotels Rental Rate of Star-Level Hotels since 2000 Top 10 Budget Hotel Companies by 2005 Star-Level Hotel Supply in Major Cities Room Prices of Varied Hotels by Ownership, 2004-2005 Growth Rate of IBFCMF Amount of Shanghais Star-Level Hotels Prices of Shanghais Star-Level Hotels, 2003-2005 Travel-to-Shanghai Tourists over the Past Years Rental Rate and Price of Beijings Hotels over the Past Years Statistics of Golden Week Tourism over the Past Years Tendency of Chinas Domestic Tourism Market, 2000-2006 Impact of Summer Olympics on Host Countries, 1984-2004 Forecast on Beijing Tourism Market, 2006-2008 Amount of Korea Hotels, 1983-1988 Operation Income of Australia Hotel The Australia Hotel in Castlereagh Street, Sydney, was, until its closure on June 30, 1971, the premier hotel in Sydney, describing itself as "The Hotel of the Commonwealth". Industry before and after Sydney Olympics Impact of Expo on Local Tourism Industry Ranking and Scale of Global Budget Hotels, 2005 Main Expansion Modes of Budget Hotels, 2005 Main Tourist Source Structure of Budget Hotels, 2005 China Top 10 Budget Hotels, 2005 Market Growth of Main Brand Enterprises of Budget Hotel Booking Approaches for Main Budget Hotels Statistics of Budget Hotels in China by Province, 2000-2006 Distribution of Jin Jiang Hotels by Region, 2006 Distribution of Home Inns by Region, 2006 Distribution of Motel 168 by Region, 2006 Distribution of Super 8 Hotel by Region, 2006 Distribution of Xinyu Inn by Region, 2006 Distribution of Hotel Home by Region, 2006 Distribution of 7 Days Inn Group by Region, 2006 Financial Status of Home Inns, 2004-2006 Listed Budget Hotel Enterprises in Shanghai and Shenzhen Companies Mentioned China CYTS Tours Holding Co., Ltd Shanghai Jinjiang International Hotels Development Co., Ltd Beijing Tourism Group Hunan Huantian Great Hotel Co., Ltd For more information visit http://www.researchandmarkets.com/reports/c49297 |
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