Chinese accomodation sales not shaken by earthquake 
Chinese accomodation sales not shaken by earthquake
China?s accommodation and catering retail sales reached 120.36 billion yuan (US$17.4
billion) in May, up 22.4 per cent over the same period last year, the Ministry of Commerce announced on Monday.
But
accommodation and catering retail sales in the earthquake-ravaged
Sichuan Province dropped 8.5 per cent from the previous year to 710
million yuan (US$102.7 million) in May.
The country?s total
accommodation and catering retail sales stood at 601.29 billion yuan in
the first five months, up 23.6 per cent over the same period in 2007,
5.9 percentage points higher than last year?s figure.
Accommodation
and catering retail sales in the first five months accounted for 13.8
per cent of the country?s total consumer goods retail sales in the same
period.
The May 12 earthquake caused no significant impact on
accommodation and catering retail sales in other quake-affected
regions, including Gansu and Shaanxi provinces as well as Chongqing
Municipality.
Accommodation and catering retail sales for May in
Gansu increased by 17.2 per cent, in Shaanxi by 34.2 per cent and in
Chongqing by 27.1 per cent, according to the ministry.
The four
regions? accommodation and catering retail sales accounted for only
10.8 per cent of the country?s total sales and the disaster had no
significant impact on the overall accommodation and catering industry.
As
the accommodation and catering market resumed normal operations in
quake zones, the country?s accommodation and catering retail sales are
set to continue fast growth, added the ministry.
Source: http://www.property-report.com/aprarchives.php?id=1557&date=170608
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