Thursday, October 27, 2022

Golden Week Covid Outbreaks Spur China Closures

  • STR said China hotel RevPAR fell -35.8% for the week ending October 22 on a year over year basis.
  • It is doubtful the RevPAR comps in China will look much better in coming weeks as Covid outbreaks following Golden Week are spurring closures and lockdowns.
  • Best Western Hotels & Resorts signed a strategic partnership for two beach apartment buildings on Vietnam’s southeast coast.

STR said China hotel RevPAR fell -35.8% for the week ending October 22 on a year over year basis. When compared to the same week in 2019, RevPAR was down -51.8%. Absolute occupancy for the week was 46.8%. That compares with 65.6% for the comparable week in 2021. It is doubtful the RevPAR comps in China will look […]