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Hotels stable
Source: Shanghai Daily |
January 12, 2013, Saturday
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Print Edition
Print Edition
SHANGHAI'S upscale hotels posted a stable performance in the first 11 months of last year despite pressure exerted by a new supply of rooms. The occupancy rate of five-star hotels in Shanghai rose 1.1 percentage points year on year to 59.1 percent, Jones Lang LaSalle Hotels said in a report. Revenue per available room, a key measurement of a hotel's performance, fell 2 percent to 657 yuan (US$106).
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