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Nov
2012

Occupancy rates: F&B accounts for almost half of all revenues

According to the National Tourism Bureau, China’s 2011 hotel turnover for all star hotels totaled 235.4 Billion RMB, an increase of 10.8% compared to 2010. A recent statistical bullet in of star graded hotels in the second quarter of 2012 indicated that the operating income of 12,280 star hotels totaled 59.958 Billion RMB, of which 26.269 Billion RMB is from the food and beverage business, and accounts for 43.81% of the total operating revenue, whereas room revenue was 26.656 Billion RMB, or 44.46% of the total…

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