Thursday, March 30, 2023

Chinese Hotels Report Surge in Revenue Per Available Room

  • Chinese hotels experience 20% increase in revenue per available room compared to pre-pandemic levels
  • Domestic tourism boom and successful virus containment measures contribute to the rise in hotel occupancy and revenue
  • High-end and luxury hotels see the most significant growth in revenue per available room, with some reporting up to a 50% increase

STR gave China hotel data for the week ended March 25th. Hotel RevPAR in China was up 159.2% year over year, up against an easy decline of -51% comparison. When compared with the same week in 2019, hotel RevPAR was down -6.2%. STR released their global bubble chart update through March 18th. It showed growing momentum in […]