Business Intelligence on Retailing, Franchising, and Consumerism in China

Revenue From Beijing's Five-star Hotels Beijing Down 16.9% In 2009

According to data provided by Bureau of Statistics of Beijing, the revenue of star-grade hotels in the city decreased by 9.7% year-on-year in 2009.

During the entire year of 2009, star hotels in Beijing made total revenues of CNY21.94 billion, including CNY9.98 billion from guestrooms.

By star grade, revenues of one-star hotels in Beijing decreased significantly by 22.2%, because of their weaknesses in hardware and services. In addition, many budget hotels launched room offers at the price of CNY100, adding a blow to low-star-graded hotels. However, the revenue of two-star hotels and three-star hotels still increased by 15.5% and 0.8%, respectively.

In addition, revenue of five-star hotels in Beijing saw a huge decline of 16.9% in 2009, compared with the 2008 Beijing Olympic year when the occupancy of five-star hotels was relatively high.

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