Hoshino Resorts

Fitch Ratings said China’s domestic travel has seen a significant uptick in the first quarter of this year and is likely to gain momentum in the second quarter. They believe leisure travel in China continues to rebound but outbound travel remains much lower than before the pandemic levels as flight capacity is still limited. Fitch said business travel demand […]

STR reported China hotel data for the week ending 10/8. China hotel RevPAR was down -16.5% year over year (Golden Week). When compared with the same week in 2019, RevPAR was down -12.7%. Absolute occupancy for the week was 47.1%. That compares with absolute occupancy of 54.8% during the same week last year. People’s Daily, considered the […]