Beijing hotel industry
Review of Beijing Hotel Performance During the Winter Olympics
STR | April 11, 2022
Following the Beijing Winter Olympics and Paralympics, China’s domestic ice and snow economy continues to boom. According to the latest data, the number of participants in ice and snow sports across the country reached 346 million after the Olympics achieved nearly 600 million domestic TV viewers. However, as the second host city of a pandemic-era Olympics, how did Beijing’s hotel market fare? What were the performance differences among the city’s submarkets? How did that performance compare with pre-pandemic periods? As the world's largest provider of hotel data and analytics, STR is pleased to provide this latest market overview fo...
STR: Preliminary June Data for Beijing Hotels
STR | July 13, 2021
LONDON — June 13, 2021 — Beijing’s hotel industry reported lower occupancy but higher room rates when compared with the month prior, according to preliminary June 2021 data from STR. Occupancy: 64.7% Average daily rate (ADR): CNY645.54 RevPAR: CNY417.69 The absolute ADR level was the highest in Beijing since October 2019, while RevPAR was the highest in the market since December 2019. The occupancy level came in lower than the previous two months due to new COVID-19 cases and travel restrictions in Guangdong, which impacted several markets including Beijing, but remained slightly above the levels seen in Q1 2021....
