Chengdu Hotel Market Performance Recovery

STR | August 4, 2021

In 2020, Chengdu's hospitality industry accounted for 65.7% of GDP, contributing 52.2% to the city's economic growth and significantly increasing its contribution to the development of energy levels and economies. In 2021, with the stabilization and control of the pandemic, and the steady recovery of the economy, the performance of Chengdu hotels has gradually reached 2019 levels.   Resilience of major urban markets The development of cities is inseparable from the synergy of urban agglomerations. Since April 2021, the resilient Sichuan-Chongqing region has continued to lead hotel performance recovery in the country, reaching...