This is a report that provides a projection on the five-star hotel performance in 7 major cities in China about trends in supply and demand for five-star hotels.
Due to the more sluggish market and vigorous anti-corruption campaign, Beijing luxury hotel prices are forced to accept lower prices and give up the “five-star” label.
Recently, according to the news announced by the National Toursrism Administration Appraisal Committee of Tourism Hotel Star-rating, the number of Chinese five-star hotels has reached 804.
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