Beijing Hotel Performance
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...
Beijing Hotel Performance Expectations as Lunar New Year and Olympics Intersect With the Pandemic
STR | January 27, 2022
Overlap between the Lunar New Year, 2022 Winter Olympic Games and the ongoing pandemic will create a conflicting mix of demand drivers for hoteliers in Beijing. With New Year celebrations typically driving travelers out of major metros, the Olympic Games pushing demand into the event center, and China’s zero-tolerance COVID-19 precautions overlaying both major events, February will be a month to remember for the Chinese capital. Lunar New Year Even pre-pandemic, Lunar New Year was not a major demand driver for Beijing as business travel typically falls substantially in the two weeks leading up to the weeklong holiday. Some l...
