Beijing's hotel rates are expected to rise by 21% this year due to the 2008 Olympic Games and the Asia-Pacific region's increasing demand for guestrooms.<\/p>\n
From 2007 to 2008, Beijing plans to add 14,000 guestrooms; and Shanghai has plans for an additional 11,400; while Hong Kong will add 9,240, representing the growth rates of 11.3%, 16.8% and 19.6% respectively.<\/p>\n
In 2008, China will become an important player in the global MICE sector. Hotel rates in Beijing, Shanghai, Hong Kong, and Macau are estimated to increase by 21%, 8%, 17% and 10.19% respectively this year. Beijing will take advantages of the 2008 Olympic Games and investment from government; Shanghai as an international business center with a prime geographic location has lots of new city planning projects; Hong Kong is spurred by increasing tourists from the mainland; and Macau relies on its fame as \"Asia's Las Vegas\" to attract more tourists.<\/p>\n
In the first half of 2007, the occupancy rate of Beijing's five-star hotels was 70%, and that of four-star hotels was 75%. A new exhibition and conference center being built in Beijing Shunyi District and Capital International Airport's expansion also expected to drive new hotels development in the surrounding area.<\/p>\n","protected":false},"excerpt":{"rendered":"
Beijing's hotel rates are expected to rise by 21% this year due to the 2008 Olympic Games and the Asia-Pacific region's increasing demand for guestrooms.<\/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-5533","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/5533","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=5533"}],"version-history":[{"count":0,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/5533\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/media?parent=5533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/categories?post=5533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/tags?post=5533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}