Comments on: It’s Called Day’s Inn In China But It’s Nothing Like It, And For Good Reason http://calpolymbatrip.com/2009/china/its-called-days-inn-in-china-but-its-nothing-like-it-and-for-good-reason/ The MBA Graduate Program at Cal Poly Tue, 22 May 2012 00:48:10 +0000 http://wordpress.org/?v=2.6.3 By: James McMillan http://calpolymbatrip.com/2009/china/its-called-days-inn-in-china-but-its-nothing-like-it-and-for-good-reason/#comment-8568 James McMillan Wed, 14 Jan 2009 05:37:58 +0000 http://calpolymbatrip.com/?p=1158#comment-8568 After doing a little digging, I did find a potential business opportunity for any would be hotel owner looking to establish themselves abroad. Turns out, there is only about 105,000 hotel rooms in all of India. If you compare this to the 135,000 in Shanghai and the 110,000 in New York alone you will soon realize there is a massive shortage. This shortage is causing hotel prices in India to skyrocket which are now considered some of the highest in the world. According to a recent article from India Real Estate and Property New, India will need another 125,000 rooms by 2010 just to keep up with surging demand. Where there is demand there is potential to make money!!! http://www.inrnews.com/realestateproperty/india/hospitality_industry/india_needs_another_125000_hotel_rooms_by_2010_to_meet_surging_demand_inrnews.html I could not find data on the total number of hotel rooms in China but it was quit clear that the number of budget hotel in China is growing very fast to meet demand. It appears the Chinese budget hotel industry is resembling that of the 1950's motel boom in the US which was also largely fueled by increased tourism and expanding highways. After doing a little digging, I did find a potential business opportunity for any would be hotel owner looking to establish themselves abroad.

Turns out, there is only about 105,000 hotel rooms in all of India. If you compare this to the 135,000 in Shanghai and the 110,000 in New York alone you will soon realize there is a massive shortage. This shortage is causing hotel prices in India to skyrocket which are now considered some of the highest in the world. According to a recent article from India Real Estate and Property New, India will need another 125,000 rooms by 2010 just to keep up with surging demand.

Where there is demand there is potential to make money!!!

http://www.inrnews.com/realestateproperty/india/hospitality_industry/india_needs_another_125000_hotel_rooms_by_2010_to_meet_surging_demand_inrnews.html

I could not find data on the total number of hotel rooms in China but it was quit clear that the number of budget hotel in China is growing very fast to meet demand. It appears the Chinese budget hotel industry is resembling that of the 1950’s motel boom in the US which was also largely fueled by increased tourism and expanding highways.

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