China RevPAR Last Week Down YoY

• Hotel RevPAR in China was down -35.5% year over year while down -52.5% when up against the same week in 2019.
• Hyatt Hotels announced the opening of Hyatt Centric Kota Kinabalu, marking the debut of the lifestyle brand in Malaysia and Southeast Asia.
• Absolute Hotel Services Group announced the first Absolute Collection property in Vietnam with the signing of Lamia Bao Loc Resort.

STR reported China hotel RevPAR for the week ended 10/15. Hotel RevPAR in China was down -35.5% year over year while down -52.5% when up against the same week in 2019. Absolute occupancy for the week in 2022 was 46.2%. That compares with 65% during the comparable week in 2021. Hyatt Hotels announced the opening of […]