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The Fullerton Hotels & Resorts

Asia-Pacific

Singapore Is a Regional Recovery Standout

STR’s global bubble chart for October 22 showed Singapore standing out in the Asia Pacific region while noting continued, steady recovery for most of the world. Among the 48 countries with room supply of more than 50,000 hotel rooms, 11 reported occupancy above 75%, one less than the previous 28-day period. Average daily rate was a bit softer […]

November 9th, 2022

Asia-Pacific

Golden Week Covid Outbreaks Spur China Closures

STR said China hotel RevPAR fell -35.8% for the week ending October 22 on a year over year basis. When compared to the same week in 2019, RevPAR was down -51.8%. Absolute occupancy for the week was 46.8%. That compares with 65.6% for the comparable week in 2021. It is doubtful the RevPAR comps in China will look […]

October 27th, 2022

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