According to a survey conducted in February 2020 among more than 600 lodging enterprises in China, the mid-level and high-end hotels reported a 86 percent year-on-year loss of their revenue during the COVID-19 outbreak. Economy hotels lost around 92 percent of revenue compared to the same period of 2019.
Decrease in revenue of hotels due to the coronavirus COVID-19 outbreak in China in February 2020, by hotel level
Characteristic
Year-on-year decrease
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199IT. (July 21, 2020). Decrease in revenue of hotels due to the coronavirus COVID-19 outbreak in China in February 2020, by hotel level [Graph]. In Statista. Retrieved July 28, 2024, from https://www.statista.com/statistics/1135026/china-decrease-in-hotel-revenue-due-to-covid-19-by-level/
199IT. "Decrease in revenue of hotels due to the coronavirus COVID-19 outbreak in China in February 2020, by hotel level." Chart. July 21, 2020. Statista. Accessed July 28, 2024. https://www.statista.com/statistics/1135026/china-decrease-in-hotel-revenue-due-to-covid-19-by-level/
199IT. (2020). Decrease in revenue of hotels due to the coronavirus COVID-19 outbreak in China in February 2020, by hotel level. Statista. Statista Inc.. Accessed: July 28, 2024. https://www.statista.com/statistics/1135026/china-decrease-in-hotel-revenue-due-to-covid-19-by-level/
199IT. "Decrease in Revenue of Hotels Due to The Coronavirus Covid-19 Outbreak in China in February 2020, by Hotel Level." Statista, Statista Inc., 21 Jul 2020, https://www.statista.com/statistics/1135026/china-decrease-in-hotel-revenue-due-to-covid-19-by-level/
199IT, Decrease in revenue of hotels due to the coronavirus COVID-19 outbreak in China in February 2020, by hotel level Statista, https://www.statista.com/statistics/1135026/china-decrease-in-hotel-revenue-due-to-covid-19-by-level/ (last visited July 28, 2024)
Decrease in revenue of hotels due to the coronavirus COVID-19 outbreak in China in February 2020, by hotel level [Graph], 199IT, July 21, 2020. [Online]. Available: https://www.statista.com/statistics/1135026/china-decrease-in-hotel-revenue-due-to-covid-19-by-level/