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If Hong Kong is getting saturated with new hotels and those under construction, Hainan in southern China has plenty of room to grow for leisure and incentive travel, as well as for meetings and conventions.
China has become the hotel feeder market of all feeder markets and is now satisfying appetites in well-established southern coastal destinations such as Hong Kong and driving a development boom in hot new destinations such as the tropical resort of Hainan.
Based on both macroeconomic trends and hotel market data, the future bodes well for the entire region.
While Hong Kong has been putting up impressive numbers, an almost unprecedented buzz has been building for the tropical resort of Hainan, the southernmost and smallest Chinese province highlighted by the Sanya and Haikou cities. Boasting a tropical climate and unspoiled beaches, Hainan, which includes an island of the same name, has been dubbed “the Hawaii of China.”