Foreign Property News | Posted by Zarni Kyaw
Luxury is often associated with short stays in high-end hotels, an expensive treat reserved for special occasions.
However, a surprising trend is taking hold in parts of China where people are trading in their homes to live full-time in luxury hotels.
Across various Chinese provinces, residents are opting for hotel living over traditional housing. Many say it spares them the stress of apartment hunting and dealing with landlords.
They enjoy the comfort and convenience of hotel life and some even claim it’s cheaper than buying a home.
Chinese Residents Opting For Hotels Over Homes
This isn’t just for a few days; many make these hotels their permanent residences for months at a time. Young adults, in particular, favour this arrangement.
They appreciate this arrangement as it helps them avoid the negotiations and formalities associated with landlords and rental agreements.
There’s no need for deposits, brokerage fees, or agency charges.
For instance, 24-year-old gamer Hu explained that a shared apartment costs 1,000 Yuan, while a single apartment ranges from 2,000-3,000 Yuan.
A hotel stay for a month costs around 2,500 Yuan, making it a cheaper option as it eliminates the need for additional expenses.
Affordable Amenities And Convenience One of the biggest draws is convenience. Most hotels offer Wi-Fi, regular housekeeping, comfortable bedding, room service, and round-the-clock support and security, all without separate bills, landlords, or maintenance hassles.
Moreover, hotels are typically located in central areas, offering convenient access to subway stations, shops, restaurants, markets and work hubs without the high cost of renting in those same neighbourhoods.
Young hotel residents highlight the benefits of this arrangement.
At these rates, they don’t worry about cleaning or maintenance.
There are no utility bills to pay, and hotel stays often include complimentary breakfast.
As a result, living in budget hotels is not only more affordable but also enhances their quality of life compared to renting apartments.
Ref: Cheaper Than Renting: Why Young People Are Ditching Homes For Hotels
