According to recent information released by China's Central government, the real estate market in Mainland China has recorded a total turnover of RMB6.4 trillion yuan for 2012, which is a 10% increase over 2011.
     Analysts said in the first tier cities such as Beijing, Shanghai, Guangzhou, Shenzhen and Tianjing etc, new residential developments of higher quality are still strong in demand. Developers are investing more in the overall planning, design, interior furnishing and fitting-out of residential units which are targeted at the middle class buyers and also the younger generation.
     In the hospitality sector, hotel revenue in China reached US$39 billion in 2012, up 6.3% over five years. It is expected that revenue will increase to US$56.2 billion by 2017.
     More international brands are expanding their international portfolios in China and spreading to the second tier cities such as Changsha, Chengdu, Guiyang and Wuhan etc. As of the end of 2012, Starwood had nearly doubled its portfolio to some 116 hotels, adding about 50 properties in the last two years. The InterContinental Group and Hilton are also planning long term expansion in China for the next 10 to 20 years.


Crowne Plaza Airport Hotel, Beijing