(一) Analysis -- future development trend of China's hotel supplies industry
Due to the continuous promotion of the Chinese government’s policies and the upgrade of tourism consumption, the Chinese hotel industry is in rapid development, which brings opportunities and challenges to the hotel supplies industry.
So, what is the future development of China’s hotel supplies industry?
the rapid development of the tourism industry is worth to expect in the future.
In recent years, the Chinese tourism industry, including domestic tourism and inbound tourism is rapidly growing. With the increase of national income, the number of domestic tourists and the inbound tourists is bound continuously to grow. The rapid development of tourism brings the rigid demand for accommodation.
With the duel promotion of the government’s policies and consumption upgrading, tourism will surely maintain its rapid development in the coming years.
Hotel is an important part of tourism, and hotel supplies are essential to the hotel’s operation. The rapid development of tourism will certainly promote the development of the hotel industry, as well as the hotel supplies industry.
Therefore, the future of hotel supplies industry is worth looking forward to.
The rising of boutique hotels and homestay expands the development space of the industry.
With the improvement of consumers’ expectations for accommodation experience, boutique hotels are increasingly famous among investors and consumers.
Over the past five years, the growth rate of boutique hotels has been kept above 10%, and the brand influence has been continuously improved.
Luxury hotel brands, including Banyan tree, Angsana, and Elle will speed up the expansion in 2018 to plan to open more stores.
According to 2017 homestay hotels short rent development report》, the average price of domestic homestay was RMB401/night, and 8 of cities’ average price reached over RMB1000/night.
The report also pointed out that the short-term rent of homestay has entered a period of rapid growth and tended to “luxury”, but its cost-efficiency still far exceeds the hotel.
The design requirement of boutique hotel and homestay are different from the traditional hotel.
It requires that the hotel supplies can perfectly match the unique design style of the hotel (homestay), thus creates more different types of product demands for the hotel supplies industry, and expands the development space of the industry.
To be continued…
