Statistics for May released by hotel research group STR Global show the deepening gloom enveloping the five-star hotel market in Beijing and Shanghai.
The average daily rate (ADR) for luxury/upscale hotels in Beijing dropped 26 per cent year on year, with average occupancy down 21 per cent. The story was similar in Shanghai, with ADR falling 22 per cent year on year in May, and occupancy down 16 per cent. Another market to suffer was Sanya, Hainan Island, where May occupancy was down six per cent but the average daily rate fell 20 per cent. These figures are placed into further context by the fact that May 2008, against which the latest numbers are measured, was the month that China's pre-Olympic tightening of entry visas began to hurt the inbound tourism industry. Chengdu and Xi'an were the only two Chinese cities, of the eight researched by STR Global, to report a "positive performance" compared against May 2008. |
|
|
Users' Comments  |
|
Average user rating
|
|
Add your comment
|