Shanghai's hotel business is as robust as Hong Kong's at the moment, according to reports from Hong Kong media.

Now in high season, occupancies of the city's 25,000 four- and five-star rooms are hovering around 80%, Portman Ritz-Carlton general manager Ralph Grippo told the South China Morning Post.

Average room rates last month were US$300, he said, compared with US$265 over the year, more than US$55 up on last year.

Occupancies are stable with fluctuations attributed to Lunar New Year, summer holiday season and other Chinese holidays.

Being primarily a business destination, occupancies in Shanghai drop to about 70% over holidays and weekends.

Most Shanghai hotels had a strong corporate base with opportunities to increase occupancies at weekends. The hotels have their own association, International Brand Hotels of Shanghai, which represents approximately 35 four- and five-star properties.