The COVID-19 epidemic, which led to lockdowns and travel restrictions, has had a significant impact on the hotel industry in mainland China over the past few years. This report aims to provide an understanding of the factors that will affect the future generation of new business opportunities in the region by generally examining the hotel industry in mainland China.
Any real estate sector, let alone the hotel sector, may face new business possibilities in the future, so it’s critical to have a firm grasp of the situation and circumstances in the market today.
When looking at the mainland China market, Beijing, Shanghai, Guangzhou, and Shenzhen stand out as gateway cities because they have the most developed hotel industries, the greatest industry demand, and the widest brand coverage. The effect of the COVID-19 Omicron variant outbreak and the ensuing lockdowns, however, has been one of the most significant factors putting pressure on industry performance recently in these locations.
