According to a recent report by STR Global, China had a drastic change in its hotel performance in 2009. In contrast to China’s fast growing economy, the hospitality industry has been suffering since the beginning of last year.

Experts and professionals had predicted that China’s economy will soon overtake Japan’s; however, the decline in RevPAR went down 21 %.

“The nationwide downturn in hotel performance nevertheless reflects the impact of the global financial crisis of late 2008 and 2009.”

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