Asia -  Guangzhou, China

For a comprehensive review of the Asia market, click below:
HVS In-Depth Asia Hotel Valuation Index:   2018 | 2016

Guangzhou, as one of the four first-tier cities in China, has ranked top of the list among North Asia major cities in terms of relative gain in valuation, having exhibited an increase of approximate 13.0% in USD terms and 15.5% in local currency in 2017 over the previous year. This was due to the introduction of all-area-advancing tourism development since 2016 that has started to take effect and the growing overnight demand induced by Canton Fair, which is an international trading event with the longest history and largest scale in China that is held twice yearly. More than 196,000 overseas buyers from over 210 countries and regions all over the world attended the Spring session in 2017 compared to 185,000 in 2016, indicating a growth rate of 5.9%. This growing trend is anticipated to continue in 2018 with minimal new supply entering the market. However in 2019 to 2020, as the city is expected to see an addition of over 1,500 more hotel rooms, these supply will likely put downward pressure on RevPAR in the market, which may negatively affect hotel values.

Change In Value For Market:

Significant Value Increase: Greater than +10%
Moderate Value Increase: Between +3% and +10%
Stable Values: Between -3% and +3%
Moderate Value Decline: Between -3% and -10%
Significant Value Decline: Less than -10%

Guangzhou RevPAR Change

Guangzhou RevPAR

Year RevPAR
2015 53.55
2016 49.61
2017 52.98
2018 55.69
2019 55.47
2020 (f) 53.36

For more information, please contact:

Steven Zhu
[email protected]
  • +86 21 2312-7639 (w)
  • +86 21 13918946972 (m)
Stacey Zhu
[email protected]
  • +86 755 2295-6156 (w)
  • +86 138 2433-2275 (m)