COVID-19 coronavirus impact on luxury hotels in selected cities in China H1 2020

The hotel industry in China faced a significant setback resulting from the coronavirus outbreak. In the first half of 2020, the average occupancy rates of luxury hotels in Beijing dropped by 71.4 percent compared to the previous year, while the RevPAR decreased by 74.8 percent. High-end hotels in Sanya, a popular tropical vacation spot among high-end travelers, experienced only a 4.5 percent loss of average room price compared to the previous year. Hotel business in the pandemic2020 has proven to be a gloomy year for hotel operators. The pandemic outbreak caused most Chinese New Year travel and tourism to be cancelled, a market generating more than half a trillion yuan in revenue each year. Due to the nationwide lockdowns and travel restrictions, hotels in China recorded a decrease in occupancy rates of nearly 80 percent in February 2020.

中国酒店业因新冠疫情的爆发而遭受重大挫折。在2020年上半年，北京豪华酒店的入住率与上年同期相比下降了71.4%，而RevPAR（每间可用房收入）下降了74.8%。作为高端旅客青睐的热带度假胜地，三亚的高档酒店平均房价与上年同期相比仅下降了4.5%。2020年的疫情对于酒店运营商而言，无疑是一个阴霾的一年。疫情的爆发导致中国新年旅游和旅游市场的大规模取消，该市场每年创造超过五千亿元的营收。由于全国范围内的封锁和旅行限制，2020年2月，中国酒店业的入住率下降了近80%。