China’s hotel performance 2009

An 8.7% year-on-year increase in GDP which the National Bureau of Statistics of China says was attained in 2009 has experts saying China will be the world’s second largest economy next year.

But in the hotel industry STR Global, the leading provider of market information to the global hotel industry, says it is going in the other direction and that the fall off in occupancy – underscored by revenue per available room falling 26.2% compared with a year ago – came at the same time as significant increases in hotel supply during the last few years.

Hospitalitynet reports STR Global’s office in Beijing collates data from more than 220,000 guestrooms across China.