Chinese domestic travel surge bypasses hotel chains

While travel spending increased over the Labour Day holiday, hotel chains' revenue per available room and occupancy rates both fell

May 13, 2024

The world's second-largest economy saw a surge in tourism during the Labour Day holiday period, but hotel chains across China continued to face economic headwinds as budget-conscious tourists turned to lesser-known resorts to avoid crowds and escalating competition among hotel operators kept prices from rising.

The China Hotel Association expects China's hotel sector to continue to recover in the second half of 2024, although full-year performance may not return to 2019 levels.

Get the full story at the South China Morning Post

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