Hainan hotel rates reach new highs

With the Chinese New Year holidays just a few days away, hotel prices in the country's only tropical island province have touched a record high.

The average price for a single night at five-star hotels in south China's Hainan province has reached a whopping 10,000 yuan ($1,400) during the seven-day Spring Festival break, which kicks off Saturday.

The cheapest room at the Mandarin Oriental Hotel in Sanya is going for 18,400 yuan, while the most expensive is 34,500 yuan per night. Prices for a room at the Hilton Sanya Resort range from 11,138 yuan to 16,048 yuan, according to ctrip.com, a leading travel website.