Hainan Hotel Rates Reach New Highs

Feb 10, 10 | 1:53 am

By Jin Zhu

With the Chinese New Year holidays just a few days away, hotel prices in the country's only tropical island province have touched a record high.

The average price for a single night at five-star hotels in south China's Hainan province has reached a whopping 10,000 yuan ($1,400) during the seven-day Spring Festival break, which kicks off Saturday.

The cheapest room at the Mandarin Oriental Hotel in Sanya is going for 18,400 yuan, while the most expensive is 34,500 yuan per night. Prices for a room at the Hilton Sanya Resort range from 11,138 yuan to 16,048 yuan, according to ctrip.com, a leading travel website.

The prices almost equal the average annual income for Chinese city dwellers in 2009, which stood at 18,858 yuan per person, figures from the National Bureau of Statistics show.

"Sanya has been a hot destination for travelers for long. With the Spring Festival approaching and the recent influx of real estate speculators, hotel prices are soaring," said Zhang Baoquan, chairman of Antaeus Group, the developer of Yalong Bay Mangrove Tree Resort, a high-end hotel in Sanya.

"But I never expected hotel prices to go so high," he added.

Zhang said the average price of a room during the slow season was around 1,200 yuan per night, which had "recently gone up sevenfold".

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Source: China Daily