China RevPAR Up YOY
- STR reported China hotel RevPAR for the week ended September 3rd. Year over year, hotel RevPAR was up 19.3%, still up against easier year-over-year comps.
- The DuGhassan Aboud Group has acquired Sydney, Australia’s Rydges Sydney Harbour Hotel for approximately $100 million.
- Radisson Hotel Group announced the continued expansion of their brand footprint with Radisson Resort & Suites Phuket.
STR reported China hotel RevPAR for the week ended September 3. Year over year, hotel RevPAR was up 19.3%, still up against easier year-over-year comps. When compared to the similar week in 2019, hotel RevPAR was down -28.2%. Absolute occupancy for the week was 52.7%. That compares with absolute occupancy of 46.65 during the same week in 2021. […]