With more Chinese tourists traveling abroad, hotels expand their chains

Published on : Wednesday, March 8, 2017

Chinese tourists travelingMore and more Chinese tourists are visiting the US and other foreign destinations and hotels in China are also expanding their chains in these places. In 2015, more than 2.5 million Chinese came to the US, and that figure was likely to rise significantly in 2016, which was designated “2016 China-US Tourism Year”.

 
One hotel group aiming to cash in on this rising trend of Chinese tourists visiting abroad like never before is Shanghai-based Green Tree Hospitality Group, which has five hotels in Arizona and California in the US. Kevin Brooks, a co-managing director, said the company operates more than 2,000 hotels in China that range from budget or limited-service options to five-star designations. He said that a Green Tree budget or limited-service hotel in China is similar to a Holiday Inn Express in the US. To quote Chris Petroff, co-managing director, “About 18 months ago, the company decided to expand in the US; and last year, we converted five hotels to our brand. In 2017, we have embarked on franchising.” Petroff said that the company is hoping that existing franchise operators in China will aim for US location to spread the brand name.

 
Driven by an increasingly growing middle class, Chinese outbound tourists are expected to reach 150 million in 2020 from 122 million in 2016, with an estimated average annual growth rate of 5.09 percent, according to the China National Tourism Administration. Another growing segment of Chinese overseas travelers are parents sending their children to study in the US. Alex Xu, the founder and chairman of Green Tree, envisions the company as a global brand, “We are also exploring other countries in Asia and Europe for expansion.” In addition to traditional inns, online marketplaces like Airbnb, which enables homeowners, renters and others to offer accommodation to travelers, are also expected to benefit from rising Chinese outbound tourism.

Tags:

Leave a Reply

Your email address will not be published. Required fields are marked *

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 02 AIME 2019
  • 03 AIME 2018
  • 05 ameistanbul 2019
  • 06 aviation-festival-asia 2019
  • 07 thehotelshowsaudiarabia 2019
  • 08 JTTX9 19
  • 10 Asia Pacific 2019
  • 10 Hotel Management Thailand 2019
  • 10 OTM 2019
  • 10 Routes Americas 2019
  • 11 Bar and Restaurant Investment 19
  • 11 Digital Travel 2019
  • 11 MALT 2019
  • 13 ATRTCM 2019
  • 13 Food Hospitality2019
  • 16 EMITT 2019
  • 16 IITM 2019
  • 17 AITF 18
  • 18 UITT 2019

TRAVEL INDUSTRY EVENTS

    1. OTM Mumbai

      January 23 - January 25
    2. CONVENTA

      January 23 - January 24
    3. FITUR 2019

      January 23 - January 27
    4. ITF SLOVAKIA TOUR 2019

      January 24 - January 27
    5. FERIEN 2019

      January 24 - January 27
Get our toolbar!
Review www.travelandtourworld.com on alexa.com