Akaryn Hotel Group

STR reported China hotel RevPAR, the week ending April 8, was up 108.5% on a year-over-year basis. It was up against an easy -49.5% comparable in 2022. When compared with the same week in 2019, China hotel RevPAR was down -16.4%. The results cannot be viewed as apples to apples as it includes a holiday week shift. […]

China reported 2,181 new Covid cases on Saturday, with infections surging to a three month high. Tourist destinations are the ones getting hit now which makes sense since the current variant evades things like vaccines, past infection antibodies, and even fantasies like Zero-Covid. As we expected, China’s decision to strand everyone on the Southern Island […]