Hotel occupancy rate in Zhuhai in 2022

In terms of hotel occupancy rate in Zhuhai in 2022, in the first quarter, the average occupancy rate of all star-rated hotels in China was in the range of 25%-35%, down by 7%- 14% year-on-year. In the second quarter, it rose slightly to the range of 33%-38%. In the first quarter of 2022, the average house price of three-star to five-star hotels nationwide dropped slightly by less than 3% year-on-year, and the relative decline of low-star hotels was relatively large. In the second quarter, except for the average house price of five-star hotels, which decreased by 8% month-on-month, other hotels rebounded to varying degrees. In the third quarter, two to four-star hotels continued to pick up slightly, and five-star house prices rose greatly, but they were still lower than the same period last year. In the first three quarters of 2022, the average price of all star-rated hotels in China decreased year-on-year, among which the second-and third-star hotels changed little, the four-star hotels decreased by 5% year-on-year, and the five-star hotels decreased by about 8%.