Hotel rates in Asia are skyrocketing

Rates have climbed more than 45% in destinations that are attracting the most Chinese travelers

Mar 6, 2023

Data shows a growing demand for luxury hotels among Chinese travelers. A report published by Morgan Stanley showed interest among Chinese travelers in luxury hotel stays jumped from 18% to 34% from 2022 to 2023.

Key takeaways

  • Chinese travelers are spending significantly more on hotel rooms;
  • Fewer travelers booked rooms under $100 a night, while the number of people booking rooms that cost $400 or more nearly tripled;
  • Additionally, international travel is largely limited to those who are able to pay for airfares that have doubled, or even tripled, in price.

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