Thailand’s Latest Hotel Subsidy

• STR said China Hotel RevPAR, the week ending March 4, was up 67.2% year over year.
• The Bangkok Postreported that 112,876 room nights were reserved out of 560,000 available within six hours of the latest phase of Thailand’s hotel subsidy program going live.
• Marriott International announced plans to introduce the Ritz-Carlton to Phuket, Thailand following the signing of an agreement with Asset World Corporation.

STR said China Hotel RevPAR, the week ending March 4, was up 67.2% year over year. When compared to the week in 2019, hotel RevPAR in China was down -4%. The Bangkok Post reported that 112,876 room nights were reserved out of 560,000 available within six hours of the latest phase of the hotel subsidy program going live. […]