Hilton Plans More Luxury Rollouts

• STR reported China hotel RevPAR for the week ended December 3. RevPAR was down -2.6% on a year-over-year basis while down -40.2% against the same week in 2019.
• More reports are coming out about China’s decision to roll back Covid-Zero rules.
• The latest STR report, commissioned by Arabian Travel Market, conducted at the end of September 2022, suggests the GCC region now has over 170,000 hotel rooms under active development.

STR reported China hotel RevPAR for the week ended December 3. RevPAR was down -2.6% on a year-over-year basis while down -40.2% against the same week in 2019. Absolute occupancy for the week was 49.5%, which compares with 47% during the comparable week last year. More reports are coming out about China’s decision to roll back Covid-Zero rules. People […]