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Home›Global Markets›China›China tourism price competition squeezes hotel revenue

China tourism price competition squeezes hotel revenue

Hotel revenues are declining as weaker demand pressures room rates, signaling pressure on a key pocket of consumer activity.

Reported · Written up by our desk · China

CNBC Finance reports that China’s domestic tourism is underperforming, with hotel revenues falling.

The outlet links the weakness to soft demand that is pressuring room rates amid more aggressive pricing among tourism providers.

The trend raises concerns that tourism price competition could dull a rare bright spot in China’s consumer spending.

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Sources

CNBC FinanceTourism price wars threaten to dim a rare bright spot in China's consumer spending
CNBC FinanceTourism price wars threaten to dim a rare bright spot in China's consumer spending

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