Due to the more sluggish market and vigorous anti-corruption campaign, Beijing luxury hotel prices are forced to accept lower prices and give up the “five-star” label.

According to the latest official data, during the first seven months in this year, the average price of five-star hotels in Beijing fell 7 percent from a year earlier. Due to the more sluggish market and vigorous anti-corruption campaign, Beijing luxury hotel prices are forced to accept lower prices and give up the “five-star” label which is considered the ultimate status symbol of hotel, so they can reach the public meeting conditions