MKG Hospitality : Chinese groups dominate Asia Pacific ranking (China)
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MKG Hospitality : Chinese groups dominate Asia Pacific ranking (China)
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Category: Asia Pacific - China - Industry economy
- Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2011-06-23
MKG Hospitality announced its 2011 ranking of hotel groups for the Asia Pacific region based on room number.
Chinese groups dominated the regional ranking with Home Inns coming in first place with almost 94,000 rooms, having added an impressive 22,000 rooms to their network while Jin Jiang dropped to second place with almost 90,000 rooms. Jin Jiang was expected to be first place again, but the lack of information on their recent development and new hotel openings has compelled to keep the same figures as last year. MKG Hospitality reports that the next two places in the ranking belong to overseas groups. The UK’s IHG came in third place with close to 87,000 rooms while French hospitality giant Accor boasts 83,000 and the honour of 4th place in the ranking. 7 Days Group Ltd. has the largest growth in the Asia Pacific ranking. They almost doubled their hotel supply by adding 23,500 rooms to their network bringing their tally up to 56,500 rooms and fifth place.
On a worldwide scale, Home Inns, Jin Jiang and 7days Group came in 12th, 13th and 19th place respectively.
“The system of reporting figures from Chinese groups is developing as rapidly as their hotel supply. Yet there is still territory for expansion in China, figures from China will still be impressive in the future and we look forward to seeing them be more precise,” stated Mr. Panayotis, CEO of MKG Hospitality. He continues, “Regardless, the hotel-population ratio leaves an open market to nourish this emerging market with the hotel supply it needs.”
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