Property News · April 30, 2019

China’s hotels sector is poised to benefit from Beijing’s domestic consumption push


Despite the fact that China’s GDP growth in 2018, at 6.6 per cent year on year, was the slowest in 28 years, the country’s hotel sector saw robust growth. A growing middle-class population and a government policy to boost domestic consumption ensure positive long-term prospects for the hospitality market.Tourism continued to be an important growth engine for mainland China’s economy. In 2018, the domestic tourism industry contributed about 9.94 trillion yuan (US$1.47 trillion), or 11.04 per…

Source : South China Morning Post
Read more…China’s hotels sector is poised to benefit from Beijing’s domestic consumption push

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