REVENUE OF HOTEL INDUSTRY INCREASES BY 1.6 PERCENT

In the first nine months of this year, the hotel industry revenue reached MNT 131.7 billion, showing an increase of MNT 2.1 billion or 1.6 percent, compared to the same period of the previous year.

This increase was mainly due to MNT 2.7 billion (6%) increase in revenue of unrated hotels and camps, reports The National Statistics Office of Mongolia (NSO).

Of the total revenue of the first nine months of this year in the hotel industry, three or more stars hotels accounted for 62.3 percent, unrated hotels --35.7 percent and two-star hotel -- 1.9 percent.

Source: https://www.montsame.mn/en/read/283507