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Hotels cut rates during Canton Fair.
Tuesday, 21st April 2009
Source : HVS International
According to the Guangzhou Hotels Association, hotels are cutting rates by up to 20% in an effort to attract overseas guests during the 105th Canton Fair.

Currently, room rates for a five-star hotel are advertised at between approximately US$262 and US$338 with many hotels improving the quality of their services concurrently.

The 105th Canton Fair, scheduled to take place from 15 April to 7 May 2009 andwill be held in three phases, is likely to accommodate more than 55,000 stands with a total exhibition area of up to 1.1 million square metres.

www.hvs.com

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