Macau’s October Hotel Occupancy Underwhelms

• STR reported China hotel RevPAR for the week ended November 26 was up 2.2% year over year.
• Macau hotels’ had average occupancy in October of 41.8%, up 4.2 percentage points from September.
• Accor announced details on some of its newest properties across Australia and New Zealand that will be opening in 2023.

STR reported China hotel RevPAR for the week ended November 26 was up 2.2% year over year. When compared with the same week in 2019, hotel RevPAR was down -33%. Absolute occupancy for hotels in China for the week was 53.7%, up from 50% during the comparable week in 2021. Macau hotels’ had average occupancy in October of 41.8%, up 4.2 […]