Business travel is set to surpass pre-pandemic levels in 2024, with global spending projected to reach $1.5 trillion, driven by strong growth in the U.S. and China.
STR reported China hotel RevPAR for the week ended March 11. Hotel RevPAR in China was up 85% year over year for the week.
STR said Sydney WorldPride 2023 drove the market’s hotel average daily rate and RevPAR above pre-pandemic levels while occupancy remained slightly below 2019.
The director of the Macao Government Tourism Office told a tourism forum that Macau welcomed an average of around 57,000 visitor arrivals each day in February .
