China’s Zero-COVID Policy Impacts Luxury Hotel Industry

China’s Zero-COVID Policy Impacts Luxury Hotel Industry
Pedestrians walk past the Peace Hotel in Shanghai on July 28, 2010. Philippe Lopez/AFP via Getty Images
Cathy Yin-Garton
Updated:

Amid China’s ongoing zero-COVID policy, foreign business travelers are avoiding China and a growing volume of luxury hotel apartments are vacant. A severe downturn in occupancy rates during the three-year epidemic is forcing hotel owners to sell or transfer assets.

Foreign business travel to and from China has dropped a staggering amount since the pandemic began. A China Digital Times article suggests that the decrease could be as much as 95.5 percent.
Kane Zhang is a reporter based in Japan. She has written on health topics for The Epoch Times since 2022, mainly focusing on Integrative Medicine. She also reports on current affairs related Japan and China.
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