U Hotels & Resorts

STR reported China hotel RevPAR results for the week ended September 10. RevPAR was down -12.3% year over year while down -29.3% when compared with a comparable week in 2019. Absolute occupancy was 48.2% in China for the week. That compares with 56.2% in the year ago week. Hong Kong hotels have been told to set aside just eight […]

STR reported China hotel RevPAR was up 48.2% year over year against very easy comps. When compared with this week in 2019, RevPAR was down -20.4%. Absolute occupancy in China last week was 59.1% versus 43.1% in the same week last year. It never is good for the hotel space when a city of 21 million […]