China the new growth spot for Asian hotels

From Asia Times Online:

Hotels in China continue to fuel revenue per available room (revPAR) growth throughout the Asia-Pacific region, according to the latest hotel performance data from the Hotel Benchmark Survey by consulting and professional services giant Deloitte and Touche.

During the first eight months of 2005 Chinese hotel markets have witnessed an average revPAR growth of 14.3%. Major commercial markets have fared even better, with Beijing and Hong Kong reporting growth in excess of 20%. Even in Shanghai where hotel construction is at a fever pitch, revPAR grew 17%.

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