Cambodia Is Recovering, But Still Struggling

• STR reported China hotel RevPAR for the week ended 8/20 was up 89.7% year over year, up against an easy -43.4%.
• Cambodia’s Ministry of Tourism said that while tourism is recovering, almost 50% of businesses in Cambodia’s main tourism hub of Siem Reap are still closed.
• In India, mid-sized hotel brands have embarked on aggressive plans and are signing up hotels at a record pace, encouraged by a major turnaround in performance across the country.

STR reported China hotel RevPAR for the week ended August 20 was up 89.7% year over year, up against an easy -43.4%. When going against the week in 2019, China hotel RevPAR was down -21.5%. Absolute occupancy for the week was 64.6%, compared with only 38.1% in the year ago week. Cambodia’s Ministry of Tourism said that […]