Major hotel chains welcome Chinese tourists
“Several of the world's largest hotel chains are looking toward China to be their major growth engine in 2023, as Chinese travellers return both domestically and abroad after three years of COVID-related lockdowns”, Nikkei Asia reports.
Major hotel chains welcome Chinese tourists
Culture and Innovation

Major hotel chains welcome Chinese tourists

Photo: iStock
Eurasia 01/03/2023 08:38

“Several of the world's largest hotel chains are looking toward China to be their major growth engine in 2023, as Chinese travellers return both domestically and abroad after three years of COVID-related lockdowns”, Nikkei Asia reports.

According to the news site, „four of the five largest hotel groups in the world by number of rooms -- Marriott, Hilton, Wyndham, and Intercontinental -- posted strong end-of-year earnings for 2022, with confident growth forecasts for 2023”.

"We believe there's still further upside in 2023, especially now that China's borders have reopened," the news site quotes Marriott CEO Anthony Capuano.

“Though international flight capacity to and from China still lags, the return of Chinese tourists abroad will also have major ramifications for the hotel industry in the region,” Nikkei Asia writes, adding that according to Marriott, “more than 40% of room bookings in the Asia-Pacific region came from Chinese travellers”.

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