Sanya to set regulation on hotel rates during 2011 Spring Festival
Sanya Commodity Price Bureau recently issued an intervention notice on hotel rates in Sanya during the upcoming 2011 Spring Festival, which falls on 3rd February, 2011.
The intervention period will start from 2th February to 8th February, 2011. After the festival is over, the price intervention will be automatically lifted.
According to the notice, the room rates of hotels in Sanya during the 2011 Spring Festival are not allowed to rise over 10% of the basic price, which is calculated according to the weighted average room rates in Sanya on 27th January, 2009.