EV Camping Trend Cuts Hotel Occupancy in China
Bloomberg analysts link a decline in hotel occupancy in China to the growing trend of sleeping in electric vehicles. For the week of July 6-12, averag...
Bloomberg analysts link a decline in hotel occupancy in China to the growing trend of sleeping in electric vehicles. For the week of July 6-12, average hotel occupancy was 62.3%, down 3% year-on-year. RevPAR fell to 209.6 yuan. Budget hotels saw an 8.2% drop in revenue per available room, and mid-range hotels 7.8%. Tourist numbers did not decline, but spending shifted from accommodation to camping in EVs.