Beijing Olympics to help hotels earn record revenues
(China Daily)
Updated: 2006-10-08 09:07
Beijing's hospitality market is expected to reach record revenues and
occupancy rates in 2008 thanks to the Olympics.
Industry organizations are making great efforts to improve service quality in
the capital's hotels for the event, expected to draw hundreds of thousands of
visitors, said a local government official on Friday.
"Beijing's hospitality industry has experienced rapid growth in the last two
years, and the momentum will continue in the lead-up to and even after the
Olympics," said Xiong Yumei, deputy-director of the Beijing Municipal Bureau of
Tourism (BMBT).
Beijing's hotels enjoyed good business throughout 2005, with five-star hotels
witnessing the highest average daily revenue 1,204 yuan (US$150), with an
occupancy rate of 75.3 per cent since 1994. Top-level hotels also had the
highest ever revenue per available room 907 yuan (US$113) according to a report
released by Jones Lang LaSalle Hotels, a leading worldwide service provider in
the hotel and tourism sector.
"Market growth is positive and encouraging, and as the 2008 Olympics draw
near, more and more tourists both from home and abroad will come to Beijing,"
said Stephen C. T. Hsu, vice-chairman of China Tourism Hotel Association. "Hotel
management standards and service quality will also be gradually upgraded over
the next two years."
In 2008, Beijing is expected to welcome more than 500,000 overseas and 1
million domestic travellers.
"Those figures are conservative estimates last year more than 1.5 million
domestic travelers visited Beijing during the major holiday periods alone," said
Xiong.
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