The hotel industry in China faced a significant setback resulting from the coronavirus outbreak. In the first half of 2020, the average occupancy rates of luxury hotels in Beijing dropped by 71.4 percent compared to the previous year, while the RevPAR decreased by 74.8 percent. High-end hotels in Sanya, a popular tropical vacation spot among high-end travelers, experienced only a 4.5 percent loss of average room price compared to the previous year.
While the rest of the world still struggles with the spiraling number of coronavirus infections, China has slowly recovered its tourism. One survey showed that more than 80 percent of Chinese were eager to travel in the second half of 2020. The growing demand for domestic travel also brought life to the hotel industry in China. Quarterly revenue saw a bounce-back in the third quarter of 2020 and the majority of hotel enterprises expected China's accommodation industry to recover six months after the pandemic ends.
Loss rate of hotel occupancy rates, average room rates, and RevPAR among high-end hotels in selected Chinese cities affected by coronavirus COVID-19 pandemic in 1st half 2020
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Website (sgpjbg.com). (August 31, 2020). Loss rate of hotel occupancy rates, average room rates, and RevPAR among high-end hotels in selected Chinese cities affected by coronavirus COVID-19 pandemic in 1st half 2020 [Graph]. In Statista. Retrieved July 28, 2024, from https://www.statista.com/statistics/1181647/china-coronavirus-impact-on-high-end-hotels/
Website (sgpjbg.com). "Loss rate of hotel occupancy rates, average room rates, and RevPAR among high-end hotels in selected Chinese cities affected by coronavirus COVID-19 pandemic in 1st half 2020." Chart. August 31, 2020. Statista. Accessed July 28, 2024. https://www.statista.com/statistics/1181647/china-coronavirus-impact-on-high-end-hotels/
Website (sgpjbg.com). (2020). Loss rate of hotel occupancy rates, average room rates, and RevPAR among high-end hotels in selected Chinese cities affected by coronavirus COVID-19 pandemic in 1st half 2020. Statista. Statista Inc.. Accessed: July 28, 2024. https://www.statista.com/statistics/1181647/china-coronavirus-impact-on-high-end-hotels/
Website (sgpjbg.com). "Loss Rate of Hotel Occupancy Rates, Average Room Rates, and Revpar among High-end Hotels in Selected Chinese Cities Affected by Coronavirus Covid-19 Pandemic in 1st Half 2020." Statista, Statista Inc., 31 Aug 2020, https://www.statista.com/statistics/1181647/china-coronavirus-impact-on-high-end-hotels/
Website (sgpjbg.com), Loss rate of hotel occupancy rates, average room rates, and RevPAR among high-end hotels in selected Chinese cities affected by coronavirus COVID-19 pandemic in 1st half 2020 Statista, https://www.statista.com/statistics/1181647/china-coronavirus-impact-on-high-end-hotels/ (last visited July 28, 2024)
Loss rate of hotel occupancy rates, average room rates, and RevPAR among high-end hotels in selected Chinese cities affected by coronavirus COVID-19 pandemic in 1st half 2020 [Graph], Website (sgpjbg.com), August 31, 2020. [Online]. Available: https://www.statista.com/statistics/1181647/china-coronavirus-impact-on-high-end-hotels/