Archive for February 16th, 2010

Hotel Reservations Drop in China

Tuesday, February 16th, 2010

Another sign of the changing times? Hotel performance in China dropped nearly 25% over the past year. Researchers blame it on the economy but could it be something more?

Hotels actually saw a surge in hotel business during 2008, when the summer Olympics were held in Beijing. The Olympics drew attention to China, and the rest of Asia, and gave them longstanding extra business.

Tourism throughout China is still relatively high. Hopefully hotels will be able to recoup some of their losses very soon.