Summary and analysis of Beijing's current hotel real estate market conditions.
Insight
17 February 2026
Beijing Hotel Market Dynamics Q4 2025
Categories:
- With the combined effects of rising tourist numbers and weakening consumer spending, the tourism market's overall contribution has been relatively limited.
- In Q4 2025, two new upscale hotels opened in Beijing.
- As of the end of December, Beijing's upscale hotels remained below 2019 levels in RevPAR, while luxury hotels were able to exceed pre-pandemic levels.