The Development of Economy Hotels in China

In the recent decade, with the increasing affluence of Chinese economy, domestic tourism have entered into an accelerated development stage and the demands in lodging market kept rising. China’s domestic tourism had a continuous increase of around 10% each year. In 2012, with an immense increase in domestic demand, the total number of domestic tourists is estimated to 3.13 billion persontimes (Table 1), the country has already formed the largest domestic tourist market in the world. The newly emerging economy hotels which offer clean and comfortable guest rooms at relatively low price are undergoing dramatic developments and has expanded rapidly since 2003 (Table 2).