Beijing hotels have performed well since the Olympic Games opened on 8 August, according to global business advisory firm Deloitte.
Xinhua news agency said the auditing giant’s review showed that on the Games’ opening night revenue per available room (revPAR) in the Chinese capital’s hotels increased by a massive 546%, to US$390, from the same period a year previously.
In addition, occupancy reached 86.3% while average room rates increased 421% to US$451 (up US$364 from the average of US$87 on the same day last year).
According to the report quoting the review, the two nights following the opening also saw strong growth in occupancy and average room rates.
“This is a fantastic start to the 29th Olympic Games and no doubt hoteliers are celebrating this success,” Marvin Rust, Deloitte’s Managing Partner – Hospitality was quoted saying.
“After seven years of planning, and billions of dollars being spent in the city, it is clear that Beijing is already reaping the benefits, not only by putting on a dazzling opening ceremony but also in the city’s hotels. Hoteliers in London will be looking forward to 2012,” he was quoted saying.
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