Hotel occupancy in China shows signs of recovery

Hotel occupancy in China shows signs of recovery little by little, according to a report by the analysis company STR, which indicates that the occupancy of hotels in the region as of March 28, is 31.8% compared to 7, 4% that was registered the first week of February.

«We are seeing green outbreaks in hotel occupancy figures, but we must emphasize that these are only early signs of a recovery that is likely to develop slowly,» said STR regional chief for North Asia Christine Liu.

Part of the demand comes from corporate travel, mainly within the same province, as well as small-scale meetings. In addition, hotels receive quarantined travelers after returning to China from other countries, as well as those who return to cities for work.

Part of the demand comes from corporate travel, mainly within the same province, as well as small-scale meetings. In addition, hotels receive quarantined travelers after returning to China from other countries, as well as those who return to cities for work.

Likewise, businesses dedicated to leisure «open with certain restrictions in the center of cities, but there is a certain recovery of this industry in the suburbs,» they point out.

Daily occupation in Beijing, the Chinese capital, stood at 10% during the first week of March, but reached 21.6% on the 28th of that month.

Shanghai reached 11% on March 1 and recorded 28.6% on March 28. Among the key markets analyzed by STR in mainland China, the highest occupancy levels were in Xi’an (35.9% as of March 28) and Chengdu (35.6%).

OCCUPATION IN WUHAN SHOOT

For its part, hotel occupancy in Wuhan, the city where the first coronavirus affected was registered, has been very uneven. Occupancy in the city fell to 7.5% in January, peaked at 72.7% in the first days of March, and has since fallen to 62.4% (March 28).

«Hotel occupancy in Wuhan skyrocketed to accommodate medical personnel, but it decreased as the situation got under control,» explains Liu.

Finally, the report highlights that 87% of hotels in mainland China are open, after the vast majority closed their doors in the past two months.