Shanghai to Keep Lid on Hotel, Other Prices During China International Import Expo

Shanghai to Keep Lid on Hotel, Other Prices During China International Import Expo

Xu Wei

Date: Fri, 09/07/2018 - 09:27 / source:Yicai
Shanghai to Keep Lid on Hotel, Other Prices During China International Import Expo
Shanghai to Keep Lid on Hotel, Other Prices During China International Import Expo

(Yicai Global) Aug. 15 -- Shanghai will take measures to prevent price gouging during the first China International Import Expo, or CIIE, scheduled for this November.

The host city will temporarily intervene in hotel, car-hailing and parking lot prices from Oct. 26 to Nov. 14 to ensure stable and fair pricing, the municipal government said today. The CIIE will be held between November 5 and 10.

During that stated period, hotels and other hostelries may not set their online or offline rates higher than the highest level for the same type of room with the same service between Oct. 1 and Nov. 30 last year.

Newly opened hotels and inns must set their top charges in accordance with those of hotels and inns at the same level in the same area and report these to the tourism authority of the administrative region, and their actual rates may be no higher than those officially mandated.

Online car-hailing platforms may not set fares higher than those the day before implementation or add other charges, while new platforms cannot fix prices higher than those for the same or similar cars of existing providers before the period.

Public parking lots with a market-adjusted fee in six city districts (Qingpu, Minhang, Changning, Jiading, Putuo and Songjiang) surrounding the National Exhibition and Convention Center will not be allowed to charge more than those listed in their business records previously submitted to authorities.

Operators must strictly comply with the relevant regulations, standardize prices during the period and display these in a clearly marked manner, the announcement added. Municipal and district authorities will also conduct special inspections and strictly sanction violations.

Editor: Ben Armour

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Keywords: HOTEL, Car-Hailing