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Some big Chinese cities see hotel prices fall
By Yang Jian |
August 2, 2013, Friday
|
Online Edition
Online Edition
The price of hotels in major Chinese cities including Shanghai and Guangzhou decreased by about 15 percent in recent months due to a relatively weaker business traveling demand, a global accommodations company has said.
But Beijing and Kunshan in Shanghai's neighboring Jiangsu Province maintained stable prices with moderate increases, which were less than 5 percent, according to the Hotel Price Radar of the Hotel Reservation Service.
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