Xiamen University

Xiamen sees sharp drop in average occupancy rate of economy hotels

  Struggling operators of economy hotels in Xiamen may be heading for an unhappy new year. In a trend attributed to various factors, the average occupancy rate and room prices of economy hotels in Xiamen have dropped quite significantly, sina.com.cn reports. The development and revenue of the economical hotels in Xiamen was once believed to have been a miracle, as recent years have witnessed a sharp increase in investment in economy hotels in Xiamen. However, the golden era of Xiamen budget hotels seems to be over. Starting from November this year, economy hotels in

Two 4-star hotels in Xiamen have their star rating downgraded

The Southeast Asia Grand Hotel in Xiamen.   2 Xiamen hotels, the Southeast Asia Grand Hotel and East Ocean Hotel, recently had their star ratings downgraded from 4 stars to 3 stars. The Southeast Asia Grand Hotel became the first ever hotel to be downgraded in Xiamen. In 2013, a total of 15 starred hotels had their star ratings downgraded and another 12 were ordered to rectify operations in Fujian, according to the provincial Tourism Bureau. The Southeast Asia Grand Hotel, which was opened in 1991 and re-decorated in 2006, was downgraded for its shabby decoration,

Average occupancy rate of economy hotels in Xiamen drops sharply

A Home Inn economy hotel in Xiamen   Struggling operators of economy hotels in Xiamen may be heading for an unhappy new year. In a trend attributed to various factors, the average occupancy rate and room prices of economy hotels in Xiamen has dropped quite significantly, taihainet.com reports. The development and revenue of the economical hotels in Xiamen was once believed to have been a miracle, as recent years have witnessed a sharp increase in investment in economy hotels in Xiamen. However, the golden era of Xiamen budget hotels seems to be over. Starting from

Xiamen's starred hotels rake in RMB670mln in revenue in Q2 of 2013

Starred hotels in Xiamen are reported to have raked in 670 million yuan in revenue during the second quarter. The five-star hotels alone pocketed 393 million yuan, accounting for nearly 60% of the total figure, according to reports. Data released has shown that the average hotel rates have increased to 470.5 yuan/room/day from the previous 443.5 yuan/room/day. However, hotel occupancy rates in the city have declined by 6% in the last three months. In addition, the revenue per available room (RevPAR) also showed a declining trend, dropping to 276 yuan/room/day, a year-on-year

Xiamen's hotel industry reaps benefits from world's largest stone fair

The 2013 China Xiamen International Stone Fair (Xiamen Stone Fair 2013) kicked off at the Xiamen International Conference & Exhibition Center (XICEC) on 6th March.   The hotel industry in Xiamen has continued to reap benefits from the city’s MICE (meetings, incentives, conferences and exhibitions) industry. The 2013 China Xiamen International Stone Fair (Xiamen Stone Fair 2013) kicked off at the Xiamen International Conference & Exhibition Center (XICEC) on 6th March, and will last until 9th March. As Asia’s No.1 stone fair, the 2013

Serviced apartments expect tougher competition around Xiamen Hubinnan Rd

  Over the last few years, the development of Xiamen’s hotel industry has advanced significantly. The Hubinnan Road Area, home to some star-rated hotels, including the Kempinski Hotel, Xiamen Minnan Hotel, Xiamen Airlines Lakeside Hotel, and Swan Hotel Xiamen, has been enjoying the arrival of new hotels for decades. The travel accommodation on offer around the Xiamen Hubinnan Road Area has come a long way in recent years. The serviced apartment is one accommodation model that is popping up in and around the area, and is a form of travel accommodation that is becoming

Xiamen star-rated hotels rake in RMB2.8b operating revenue in 2012

  The booming tourism industry has further boosted the hotel industry in Xiamen. According to the Xiamen Tourism Bureau, the total operating revenue of star-rated hotels in the city reached RMB2.83788 billion in 2012, up 5.1% year on year. Revenues from bookings stood at RMB1.44845 billion and revenues from catering RMB1.12673 billion, accounting for 51% and 39.7% respectively of the total figure. Meanwhile, the average hotel rate of star-rated hotels in the city was RMB458 per night, an increase of RMB36 from last year. And the average occupancy rate was 65%, a

Xiamen star-rated hotels post RMB2.8b operating revenues in 2012

  The booming tourism industry has further boosted the hotel industry in Xiamen. According to the Xiamen Tourism Bureau, the total operating revenue of star-rated hotels in the city reached RMB2.83788 billion in 2012, up 5.1% year on year. Revenues from bookings stood at RMB1.44845 billion and revenues from catering RMB1.12673 billion, accounting for 51% and 39.7% respectively of the total figure. Meanwhile, the average hotel rate of star-rated hotels in the city was RMB458 per night, an increase of RMB36 from last year. And the average occupancy rate was 65%, a

Xiamen star-rated hotels rake in RMB727.5m operating revenue in Q3

  The total operating revenue of star-rated hotels in Xiamen has reached RMB727.5 million in the third quarter of 2012, reports Haixi Morning News. High-end hotels have come to the fore in the city, with a RMB371.65 million operating revenue for 5-star hotels and a RMB256.63 million operating revenue for 4-star hotels, accounting for 86.4% of the total figure. Aside from this, the average hotel rate of star-rated hotels in the city has reached RMB453.99 per night, an increase of RMB29.89 from the same period last year. The average occupancy rate was 66%, a slight

Xiamen tourism industry sees tremendous changes over the past 10 years

  The tourism industry in Xiamen has witnessed great changes and experienced sustained and stable development over the past decade, reports Strait Herald.   According to the Xiamen Tourism Bureau, Xiamen has boosted efforts to accelerate the transformation and diversification of its tourism industry in order to meet the different needs of the increasing numbers of tourists to visit the city. The number of tourist arrivals in Xiamen stood at 10 million in 2002, and saw a sharp increase from 25 million to hit 35 million in 2011.   Benefiting from the

500-room Xiamen Int'l Yuehaiwan Hotel expected to open by 2016

The ground breaking ceremony of Xiamen International Yuehaiwan Hotel was held on 20th September.   Xiamen has started the construction of a new ultra-luxurious five-star hotel in Siming District on the 20th September, reports Haixi Morning News. With a planned investment of over RMB1.5 billion, Xiamen International Yuehaiwan Hotel (厦门国际悦海湾酒店) will be adjacent to Xiamen University, and cover a total floor area of 70,100 square metres. The project will complete construction and be officially open by 2016. Designed by Cheng Taining, one of
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