According to data from Ctrip.com, the rates of Nanjing hotels have increased because of the World Urban Forum IV and the third World Historical & Cultural Cities Expo are to be held in Nanjing.
During these events, four- and five-star hotels in Nanjing increased their rates to different degrees. The rates of the four-star hotels increased by about 10% and averaged between CNY400 and CNY500; and the rates of three-star hotels and budget hotels remained the same level as ordinary days, while the rates for some of five-star hotels went up by a higher rate, due to tight supply.
The World Urban Forum is hosted by the United Nations Human Settlements Program every two years. The first three forums were held in Nairobi in Kenya, Barcelona in Spain, and Vancouver in Canada.
(China Hospitality News November 3, 2008)
