Business · Companies · 2 days ago

China hotel rates disappoint during golden week despite tourism boom

China hotel rates disappoint during golden week despite tourism boom

More people booked travel in mainland China during the National Day holiday, but hotel prices mostly did not rise.

Hotels did not get the price jump some had expected during the busy week.

A travel company executive said middle-income tourists are spending less freely on rooms.

Hotel operators and analysts say better management of pricing and hotel assets could help ease the pressure.

Sources

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