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Revenues drop for star-rated hotels in China

08/14/2014| 9:48:21 AM|

According to a report from the China National Tourism Administration, total revenue of star-rated hotels in China in 2013 reached 229.3 billion yuan ($37 billion), a drop of 13.73 billion yuan from 2012.

Hotels in China are struggling to make a profit, Economic Daily in Beijing reported.

According to a report from the China National Tourism Administration, total revenue of star-rated hotels in China in 2013 reached 229.3 billion yuan ($37 billion), a drop of 13.73 billion yuan from 2012.

Total revenue of five-star hotels in China last year reached 76.1 billion yuan, an 884-million-yuan decrease. Revenue for three-star hotels dropped by 6 billion last year, and four-star hotels 5.3 billion yuan.

According to insiders, a drop in spending at hotel restaurants has affected most of the three- and four-star hotels in China.

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TAGS: star-rated hotel | China
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