Beijing’s hotel industry reported its highest room rates in 15 months, according to preliminary March 2021 data from STR.
- Occupancy: 57.9%
- Average daily rate (ADR): CNY603.19
- Revenue per available room (RevPAR): CNY349.45
The absolute ADR level was the highest in Beijing since November 2019, while RevPAR was the highest in the market since November 2020. The occupancy level came in higher than the previous two months but remained slightly below the levels seen in Q4 2020.
Year-over-year percentage increases are substantial because of the comparison with the months most affected by the pandemic in 2020.
All of STR’s COVID-19 analysis can be found here.
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