Hotels posted slow current value growth of 3% in 2017. With global economic fluctuations and the rising costs of labour and raw materials, demand for hotels was generally weak. Due to fierce competition from short-term rentals and other new styles of accommodation, hotels were adversely affected and posted a decrease in the average daily room rate, which was despite a slight rise in the occupancy rate. International hotel groups merged with a number of high-end Chinese hotels, resulting in a ... Read more
