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China Hotels Post Strong RevPAR GrowthOctober 11, 2006 By: Camie Foster Travel Agent
Hotels throughout China have posted strong growth in revenue per available room (revPAR) during the first eight months of the year, according to the latest HotelBenchmark Survey released by Deloitte. RevPAR climbed by 8.7 percent through August compared with the same period in 2005, according to the survey. All cities tracked by the survey recorded increases in average room rates. Hong Kong logged the highest rate of growth, with average rates rising 17.5 percent to $163. Posting the second-fastest rate of increase was Beijing, where average rates rose by 13.6 percent to $108.