China’s YoY RevPAR Growth Nearly Doubles
- STR reported China hotel RevPAR was up 99% year over year for the week ended May 13.
- According to Lodging Econometrics’ latest China Construction Pipeline Trend Report, China’s total hotel construction pipeline stand sat at 3,659 projects/680,959 rooms at the end of Q1 2023.
- Macau visitor arrivals rose 16.2% in April from March, up 275% year over year, to 2,274,050.
STR reported China hotel RevPAR was up 99% year over year for the week ended May 13. When compared to the same week in 2019, RevPAR was down -7%. STR said Jakarta, Indonesia’s preliminary April 2023 data showed its highest monthly ADR since August 2019. Occupancy was down -1.7% to 45% but ADR was up 32.9% to IDR1,015,991.89 […]