Increasing number of hospitality investors are considering Chengdu
hengdu an attractive locale for hospitality, much like the rest of China, where the hotel industry is currently booming.
Learn more about one of the most popular cities for tourists in all of China’s booming hospitality market
Chengdu is the capital city of southwester China’s Sichuan province.
It is by any estimation an older city, with a history that dates back to at least the 4th century B.C., a time in which it served as the capital for the Shu Kingdom. Artifacts from that dynasty are the focus of the Jinsha Site Museum, which is located today in Chengdu (formerly Romanized as Chengtu).
The city is also home to the famous Chengdu Research Base of Giant Panda Breeding, which is also a conservation center where visitors to the area can view endangered giant pandas existing in a natural habitat.
If Chengdu sounds idyllic that’s because it is, in spite of a sizeable population that numbered roughly 14.5 million residents as of the year 2014. Still, by China’s standards, this makes it a smaller market.
This, however, has not stopped Chengdu from being an attractive locale for hospitality, much like the rest of China, where the hotel industry is currently booming.
The Project Pipeline for Chengdu
To learn more about the state of the hospitality industry in Chengdu, we turned to information from the TOPHOTELCONSTRUCTION database.
The hotel outlook for Chengdu is without question a rosy one. There are currently 40 projects in the city’s pipeline, which any stakeholder in the industry will tell you is a decent amount. Those projects, once they have been completed will yield a total of 8,872 rooms for guests, 70 percent of which will be of the luxury designation while another 30 percent of those projects will be considered first class.
The Timeline for Chengdu’s Forthcoming Hotel Openings
This is great news for China’s booming hospitality market, not that it needs any more great new—the project pipeline for the entire country is one of—if not the most—dynamic in the entire world. In Chengdu, meanwhile, a near majority of projects are slated to be open to the public by the end of the year 2019.
According to the same report from the TOPHOTELCONSTRUCTION database, 43 percent of the projects that are currently in Chengdu’s project pipeline are slated to be opened and functional for guests in 2019.
In the remaining months of 2018, 5 more projects are also slated to open up. That leaves 12 percent, or five more projects to open in 2020, and 33 percent, or 12 more projects to open up in the year 2021 or beyond.
Let’s take a look at a few other projects currently underway in Chengdu:
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