中国内地酒店市场2024年回顾与2025年展望

Investment Rating - The report does not explicitly state an investment rating for the hotel and tourism real estate sector in China for 2024 and 2025 [1]. Core Insights - The Chinese hotel market is projected to recover significantly in 2024, with a year-on-year increase in inbound travel by 112.3%, reaching an estimated 6,488.2 million entries [12]. - The hotel investment transaction volume is expected to reach approximately 180.0 billion RMB in 2024, showing a recovery trend compared to previous years [28][29]. - The report highlights a notable increase in hotel supply, with a projected growth rate of 6.2% from 2024 to 2029, indicating a robust expansion in the sector [18]. Summary by Sections Section 1: Overview of the Chinese Hotel Market - The hotel market in China is expected to see a recovery in occupancy rates, with significant improvements noted in both domestic and international travel [15]. - The market is projected to experience a year-on-year growth of 14.8% in total inbound travel [13]. Section 2: Hotel Investment - The investment transaction volume for hotels in China is forecasted to be around 180.0 billion RMB in 2024, which is a recovery from previous years [28]. - The report indicates that high-net-worth individuals and state-owned enterprises are the primary buyers in the hotel investment market, accounting for 30% and 20% of transactions, respectively [48][49]. - The report also notes that the majority of hotel investments are concentrated in key cities such as Nanjing, Suzhou, and Chengdu, which are expected to drive future growth [32].