China

China's budget hotels contribute just 1% to the overall revenue of the hospitality market and the percentage will surge to 50% 30 years from now, said Hanting Inns & Hotels CEO Ji Qi. "Within 30 years, [China's] budget hotel market will be dominated by five big companies some 10,000 smaller ones," argued Ji. "The competition is more between budget hotels and starred hotels than between budget hotels themselves."

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