{"id":31685,"date":"2007-01-16T05:32:02","date_gmt":"2007-01-15T21:32:02","guid":{"rendered":"http:\/\/www.chinahospitalitynews.com\/2007\/01\/16\/new-room-rate-record-for-shanghai-star-rated-hotels\/"},"modified":"2007-01-16T05:32:02","modified_gmt":"2007-01-15T21:32:02","slug":"new-room-rate-record-for-shanghai-star-rated-hotels","status":"publish","type":"post","link":"https:\/\/www.chinahospitalitynews.com\/cn\/2007\/01\/16\/31685\/","title":{"rendered":"New Room Rate Record For Shanghai Star Rated Hotels"},"content":{"rendered":"<p>Latest statistics from Jones Lang LaSalle show that the 4-star and 5-star hotels in Shanghai set new room rate records in 2006, and the 5-star hotels in particular achieved a new room rate average of RMB1700 per night.<!--more--><\/p>\n<p>In the current low season, the room occupancies in Shanghai's five-star hotels are declining and hovering around 71%. This might show that some operators prefer high room rates over high room occupancy levels.<\/p>\n<p>According to the latest survey conducted by Jones Lang LaSalle about hotel investors' confidence in the hospitality industry, Shanghai is one of the favorite Asian markets for hotel investors, only next to Tokyo and Singapore. Famous hotel brands, such as Ritz-Carlton and Four Seasons, are planning for their second hotels in the Pudong area after opening their hotels in Puxi, in order to extend their market share.<\/p>\n<p>However, investors say they still face some challenges in investing in Shanghai because high quality property that is worth investment in Shanghai is still limited.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Latest statistics from Jones Lang LaSalle show that the 4-star and 5-star hotels in Shanghai set new room rate records in 2006, and the 5-star hotels in particular achieved a new room rate average of RMB1700 per night.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12723],"tags":[],"class_list":["post-31685","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/31685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/comments?post=31685"}],"version-history":[{"count":0,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/31685\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/media?parent=31685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/categories?post=31685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/tags?post=31685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}