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Visa-free travel, rising foreign visitors boost luxury hotel growth in China
China’s luxury hotels thrive as visa-free policies drive international tourism, with Shanghai and Beijing seeing significant growth in high-end stays
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Zhu Wenqianin Beijing
China’s luxury hotel sector has unlocked new avenues for business growth, fuelled by a boom in inbound tourism and a growing number of foreign business travellers and holidaymakers who favour high-end accommodation.
International tourists generally spend more than domestic ones, except for wealthy Chinese travellers. Most visa-free visitors to China are from developed countries with much higher living costs.
Even spending at their usual levels, they would generate considerable revenue for Chinese businesses, according to Yong Chen, an associate professor at EHL Hospitality Business School in Switzerland.
The Hongkong and Shanghai Hotels, owner and operator of The Peninsula Hotels with operations in Beijing and Shanghai, has seen a significant increase in overseas guests supported by China’s visa-free policies.
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