Tuesday, March 7, 2023

Asia’s Hotel Rates Soar on Chinese Traveler Wave

  • CNBC produced a segment on how hotel rates in Asia Pacific are surging.
  • CBRE said Australian hotel sales hit $2.14 billion in 2022, the second highest transaction volume on record
  • The Ritz-Carlton, Fukuoka will open its doors on June 21, 2023 on the island of Kyushu in southern Japan.

CNBC produced a segment on how hotel rates in Asia Pacific are surging. Squawk Box Asia late last week interviewed Alan Watts, Hilton’s Asia Pacific president who told them rates are at an all time high, clearly following the same pattern rates did in the United States after they opened up the country. Watts said the rates are being […]