Hangzhou, China: Hotel Market Overview

Hangzhou, the capital and the most populous city of Zhejiang, has been traditionally known as a tourism city for popular sights including West Lake and Lingyin Temple.

After over 30 years of development, especially after hosting the G20 summit in 2016, Hangzhou gradually evolved from a tourism destination to a world-renowned innovation, research and development center backed by the expansion of hi-tech companies. Hangzhou is now attracting high quality science, technology and ecommerce startups that fill up multiple business districts around the city that have propelled the development of the hotel market in downtown as well as famous scenic areas in the city.