BEIJING—Key Mainland China hotel markets are projected to report performance growth in 2020 despite a challenging macroeconomic environment, according to the latest forecast from STR and Tourism Economics.
“China’s economy, and by extension its hospitality industry, remains strong even with concerns around the trade war with the U.S. and an overall global economic slowdown,” said Christine Liu, STR’s Regional Manager, North Asia. “A decline in Chinese departures to other countries, combined with significant government investment in infrastructure is driving domestic demand in key markets. However, the country’s resiliency to difficult macroeconomic situations will be tested if the trade war continues to decelerate economic growth.”
