China Likely to Keep Zero-Covid Strategy in Place

• STR reported China hotel data for the week ending 10/8. China hotel RevPAR was down -16.5% year over year (Golden Week). When compared with the same week in 2019, RevPAR was down -12.7%.
• People’s Daily, considered the Communist Party’s way of getting the message out to the Chinese, said China should stick with its zero-Covid strategy.
• Hyatt Place Huangshan Train Station, the first Hyatt-branded hotel in Huangshan, is officially open.

STR reported China hotel data for the week ending 10/8. China hotel RevPAR was down -16.5% year over year (Golden Week). When compared with the same week in 2019, RevPAR was down -12.7%. Absolute occupancy for the week was 47.1%. That compares with absolute occupancy of 54.8% during the same week last year. People’s Daily, considered the […]