STR data indicates China's hotel market continues to struggle with a 3.1% RevPAR decline despite facing an easy comparison to last year's significant 21.1% drop.
STR reported China hotel RevPAR for the week ended 11/12 was up 17.5% year over year.
China’s Ministry of Culture and Tourism announced it would continue to suspend outbound tours by mainland travel agencies.
In the recent China Construction Pipeline Trend Report from Lodging Econometrics , LE analysts report that China’s total hotel construction pipeline, at the close of Q3 2022, stands at 3,604 projects/684,288 rooms.
