TFE Hotels, ShriGo Hotels and Grand Amanta Expand

• STR said China hotel RevPAR the week ended 12/24 was down -21.9% year over year and down -38.9% versus the same week in 2019.
• Marriott International said its transformation of the Sheraton Hotels & Resorts brand continues to build momentum across the globe.
• TFE Hotels will launch into 2023, opening three new-build hotels in the first half. The Adina Apartment Hotel Pentridge Melbourne will open in Australia in February.

STR said China hotel RevPAR the week ended 12/24 was down -21.9% year over year and down -38.9% versus the same week in 2019. Absolute occupancy was 41.4% versus 51.1% the year before week. For now, there are really only two things that matter. The first is getting Covid to peak and start to see cases […]