Thursday, January 26, 2023
Asia-Pacific

Is Chinese New Year Travel Going Well or Not?

  • STR gave their 2022 summary, saying among the global regions, Asia was the only one to see a decline in revenue per available room when compared with 2019.
  • There seems to be a different in opinion about how Chinese New Year is going for the Asian region. Japan Today published an article saying Asia travel hotspots are quiet as Chinese tourists stay away, but the article seems to miss the true situation.
  • Dow Jones, on the other hand, published an article saying China‚Äôs tourism sector has recovered to pre-pandemic levels with travelers venturing out during the Chinese New Year holidays.

STR gave their 2022 summary, saying among the global regions, Asia was the only one to see a decline in revenue per available room when compared with 2019. While Australia & Oceania saw RevPAR rise 4.3% as a 20.8% rise in room rates offset a -13.6% decline in occupancy, versus 2019, Asia RevPAR was down -31.2%. Asia region […]