from today's Hotels News (7/29):
China bottomed out in 2009: Horwath study
By Jeff Weinstein on 7/28/2011
"The 2011 China Hotel Industry Study created by Horwath HTL shows a revival in 2010 performance, especially in the major markets, after four years of declining performance levels. Primary markets such as Beijing, Shanghai, Guangzhou and Shenzhen all recorded strong growth in RevPAR and GOP performance.
GOP levels increased for all star-rating categories with 5-star hotels recording a 28% increase in GOP at RMB 117,448 per available room (PAR); 4-star hotels recording a 27% increase in GOP at RMB 61,260 PAR; and 3-star hotels recording by far the largest increase of 52% and a GOP of RMB 35,950 PAR." ...
for the complete story
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