Waning Covid Spurs Some YoY Growth in China
- STR said things really improved in China following the belief that the Covid outbreaks were over. Hotel RevPAR for the week ended July 30th in China was up 8.5% year over year while down only -10.3% versus the same week in 2019.
- Travelers from Japan, Taiwan and Macau will be temporarily allowed to enter South Korea without a visa this month.
- Baring Private Equity Asia announced its affiliated real estate funds completed the acquisition of the Sydney Hilton hotel for A$530 million.
STR said things really improved in China following the belief that the Covid outbreaks were over. Hotel RevPAR for the week ended July 30 in China was up 8.5% year over year while down only -10.3% versus the same week in 2019. We wouldn’t get used to those numbers as once again we have a Zero-Covid fail […]