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Worldwide Hotels Group

Asia-Pacific

Many of Thailand’s Budget Hotels Are Struggling

STR reported China hotel data for the week ended August 26. China hotel RevPAR was up 50.4% year over year. It was up against a 48.2% comp. Compared with the same week in 2019, China hotel RevPAR was up 19%, a solid result once again. A survey by the Thai Hotels Association and Bank of Thailand found that 29% of hotels rated […]

August 31st, 2023

Asia-Pacific

Vietnam Has an Oversupply of Hotels

STR reported China hotel data for the week ended July 1. The end of the first half of the calendar year 2023 was a week that had China hotel RevPAR up 50.4% year over year, up against a decline of -7.6% comp. When compared to the same week in 2019, China hotel RevPAR was up 13.2%. Vietnam’s General […]

July 10th, 2023

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