The Shanghai World Expo is injecting new life into the city's hotel scene, significantly raising hotel performances.
According to the report from STR Global, average rates climbed to over US$145, a level last seen in October 2008.
For the first time since November 2007, marketwide occupancy in May 2010 recorded over 70%. Benefitting from the significant increase in occupancy and average rates, RevPAR in May 2010 rose by over 100% as compared to the same period of 2009.
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