This article was published free of charge. Only PREMIUM Articles are 3rd party Ads-Free!
Business Opportunities in the Leisure and Hospitality Buildings Construction Industry in BRICNewswireToday - /newswire/ - London, Greater London, United Kingdom, 06/21/2012 - The BRIC leisure and hospitality buildings (including outdoor leisure facilities) sector size is estimated at US$98.8 billion in 2012 - BRICdata.com.Rank or share this free Newswire Press Release Distribution content. Join the network! Learn How!Your Banner Ad Here instead - Showing along with ALL Articles covering Consulting/Market Research Announcements Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour.
China has the largest leisure and hospitality buildings (including outdoor leisure facilities) sector among the BRIC countries, followed by India, Russia and Brazil in that order. The refurbishment of existing hotels to meet demand during sporting events such as the 2014 FIFA World Cup and the 2016 Olympic Games is expected to be a key trend in the Brazilian hotel industry. This will avoid an oversupply of hotels, which are already high in number due to the rising popularity of condominium hotels. The Brazilian leisure and hospitality buildings (including outdoor leisure facilities) construction sector size grew at a CAGR of 21.17% during the review period, and is projected to grow at a CAGR of 10.59% over the forecast period.
The major forces driving hotel development in Russia include the upcoming international sporting events taking place in the country. The forthcoming 2014 Winter Olympic Games have attracted a number of foreign hotel companies to Sochi, and the country?s hosting of the 2018 FIFA World Cup also offers immense opportunities for the construction of hotels. The country currently suffers from a severe undersupply of budget hotels, which has resulted in high room rates compared to the European average.
The growth of the Indian hospitality industry is expected to come from tier-two and tier-three cities. The 45 cities of India with populations of over million have the most growth potential in the hospitality sector, and major hotel brands are investing in new proprieties in both metro and non-metro cities. Hyderabad, Jaipur, Pune and Chandigarh have emerged as key growth destinations. The growth of tier-two and tier-three cities is driving hotel development activity, which was previously mainly confined to the country?s five main cities.
An increasingly competitive market, high property prices, a limited choice of prime locations and high labor costs in tier-one Chinese cities is encouraging investors in hospitality and leisure to expand their presence into tier-two and tier-three cities.
Key highlights of this title
? China has the largest leisure and hospitality buildings (including outdoor leisure facilities) sector among the BRIC countries, followed by India, Russia and Brazil. China?s was also the fastest-growing sector during the review period, and the country is projected to have fastest-growing sector over the forecast period, with a CAGR of 12.1%.
? Inbound tourists in the BRIC countries spend significant amounts on lodging. This trend is particularly seen in Brazil, Russia and India. Of the total tourist expenditure in Brazil in 2011, 32.1% was spent on lodging. In Brazil and Russia, tourists also spent heavily on sightseeing and entertainment.
? The Brazilian leisure and hospitality buildings (including outdoor leisure facilities) construction sector grew at a CAGR of 21.17% during the review period, and is projected to grow at a CAGR of 10.59% over the forecast period
? In Russia, in terms of cost, materials followed by construction services will continue to drive the market in both the leisure and hospitality buildings and outdoor leisure facilities categories. In terms of construction activity, new construction is expected to continue its dominance over the forecast period in both categories. The Russian leisure and hospitality buildings (including outdoor leisure facilities) construction sector is projected to grow at a CAGR of 9.03% over the forecast period
? The Indian leisure and hospitality buildings (including outdoor leisure facilities) construction sector grew at a CAGR of 15.44% during the review period, and is projected to grow at a CAGR of 11.2% over the forecast period. The overall growth was largely driven by the leisure and hospitality buildings category, and the trend is expected to continue over the forecast period.
? The Chinese leisure and hospitality buildings (including outdoor leisure facilities) sector is projected to grow at a CAGR of 12.05% over the forecast period to value CNY718.4 billion in 2016.
Scope
This report provides a comprehensive analysis of leisure and hospitality buildings construction market in BRIC countries:
? It provides historical values for the BRIC leisure and hospitality buildings construction market for the report?s 2007?2011 review period and forecast figures for the 2012?2016 forecast period;
? It offers a detailed analysis of market size by cost type and by construction activity;
? It offers a detailed analysis of market size by consumer preferences in accommodation;
? It covers an exhaustive summary on key trends, drivers and issues in the leisure and hospitality buildings construction industry;
? It details the competitive landscape in leisure and hospitality buildings construction industry of BRIC countries.
? Gain insights into the leisure and hospitality buildings construction industry of BRIC countries;
? Identify the key market trends and opportunities for both existing companies and prospective new market entrants;
? Analyze the regulatory environment governing the industry in BRIC countries, enabling to identify the options available to enter the market by analyzing the business environment in each nation;
? Assess the competitive landscape in the leisure and hospitality buildings construction market enabling the formulation of effective market-entry strategies.
Product code: CN0507MR
BRICdata (bricdata.com) specializes in the provision of strategic intelligence on emerging markets that helps suppliers in developed markets identify, pursue and achieve growth opportunities.
Rank or share this free Newswire Press Release Distribution content. Join the network! Learn How!Your Banner Ad Here instead - Showing along with ALL Articles covering Consulting/Market Research Announcements Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour.Availability: All Regions (Including Int'l)Your Banner Ad showing on ALLConsulting/Market Research articles,
CATCH Visitors via Your Competitors Announcements!
Non-featured company website links are shown on a random basisIt is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
Contact: BRICdata.com +44(0)20 7406 6596
tarun.bisht[.]digitalinsightresearch.in Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here. IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any BRICdata securities in any jurisdiction including any other companies listed or named in this release.This article was published free of charge. Only PREMIUM Articles are 3rd party Ads-Free!
Read Latest Articles From BRICdata / Company Profile
Reserve This Permanent SPACE
No comments:
Post a Comment