China 5-star hotels gained 19.07 billion yuan (US$2.95 billion) in Q3 2015 although the number of 5 star hotels only accounted for 7% of total number of star hotels in China according to China National Tourism Administration.
12,037 out of 12,982 star-hotels in China tourism board registry have passed reviews by tourism administrations of corresponding provinces, among which the number of 2-star, 3-star and 4-star hotels together accounted for 92%.
Operating income of star hotels totaled 52.922 billion yuan (US$8.19 billion) in Q3 2015 in China. Food and beverage revenues reached 20.841 billion yuan (US$3.23 billion) accounting for 39.38% and room revenues were 25.381 billion yuan (US$3.93 billion) making up 47.96% of total revenues.
796 5-star hotels generated 19.07 billion yuan (US$2.95 billion) revenues making up over 34% of total revenues in Q3 2015. Room rental services and catering services were major revenue sources.
Average room spends were 330.18 yuan (US$51.10) per night with a rental rate of 58.47% in Q3 2015 in China. Average room spends of 5-star hotels were the highest and room spends of 1-star hotels were the lowest. The average rental rate of 4-star hotels was the highest, followed by 5-star hotels and 3-star hotels.
The top six regions with the highest room spends were Shanghai, Beijing, Hainan, Tianjin, Guangdong and Tibet. The top six regions with the highest room rental rate were Tibet, Hunan, Shanghai, Beijing, Guizhou and Xinjiang.
The average room spends increased in 21 regions compared to the average room spends index in Q3 2015 among which Shanghai increased by 33.95% compared with the previous quarter. Average room spends declined in 11 regions with Hubei Province dropping by 8.9%. The average rental rate grew in 25 provinces with the largest increase of 61.85% in Tibet compared to the previous quarter in Q3 2015.
With the popularity of online hotel reservation and OTA market and increasing demands of high-quality reservation, China’s star hotels are expected to gain more revenues.
Also read: China Hotel Search Behavior Overview 2015