THE LODGING SECTOR AND THE GLOBAL ECONOMY: CHINA'S HOTEL INDUSTRY IN INTERNATIONAL CONTEXT

Liang Larry Yu and Huimin Gu
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Liang Larry Yu: The George Washington University, USA
Huimin Gu: Beijing International Studies University, China

Chapter 8 in Handbook of Tourism Economics:Analysis, New Applications and Case Studies, 2013, pp 171-190 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThis chapter examines and analyses the transformation of the lodging sector in China by applying three economic concepts of development and trade: Structural change, catch up and internationalisation. It discusses the structural change in China's lodging sector affected by the structural change in China's overall economy by reviewing China's economic reform and development since 1978. It analyses the catching up efforts by the Chinese hotel industry to improve operating efficiency and service standards and the emergence of Chinese domestic hotel chains. The internationalisation of hotel firms, as reflected first in inward foreign direct investment of equity and human capital and then in outward foreign direct investment by Chinese domestic firms, is examined to identify current hotel development trends, strategies and challenges in the global economy. It concludes with an assessment of future development prospects of China's hotel industry when China becomes globally the leading tourism importer and exporter and has the largest domestic tourism market in the world.

Keywords: Accommodation and Tourism; China; Congestion and Tourism; Cost-Benefit Analysis of Tourism; Cruise Ship Tourism; Cultural and Heritage-Based Tourism; Demand for Touring; Economic Development and Tourism; Economic Impact Analysis of Tourism; Ecotourism; Educational Tourism; Environmental Conservation and Tourism; Ergodic Events and Tourism; Gambling and Tourism; Health and Tourism; India; Information Technology and Tourism; Infrastructure and Tourism; Inter-Industry Analysis of Tourism; International Tourism; Medical Tourism; National Parks and Tourism; Nature-Based Tourism; Pollution and Tourism; Protected Areas and Tourism; Public Finance and Tourism; Religious Tourism; Special Events and Tourism; Sustainable Tourism; Terrorism and Tourism; The Environment and Tourism; Theme Parks; Tourism; Tourism Economics; Tourism Industry; Tourism Satellite Accounts; Transport and Tourism; Travel; Travel Insurance; Vietnam (search for similar items in EconPapers)
Date: 2013
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