Thursday, June 29, 2023

Australia’s Boutique Hotel Boom Continues

  • China Hotel RevPAR: China Hotel RevPAR increased by 44% YoY for the week, but compared to the same week in 2019, it was down by -5.9%.
  • Macau Hotel Occupancy: Macau‘s hotel occupancy rate in May rose by 44.6 percentage points YoY, reaching 78.9%. Three-star hotels had an 81% occupancy rate, while five-star hotels reached 79%.
  • Boutique Hotel Market in Australia: Australia‘s boutique hotel market is experiencing growth due to a travel evolution sparked by the pandemic. Boutique properties outperformed international hotels in occupancy, ADR, and RevPAR, driven by domestic, leisure-based tourism.

STR reported China Hotel RevPAR data for the week ended June 24. China Hotel RevPAR was up 44% year over year for the week. When compared to that week in 2019, RevPAR was down -5.9%. Macau’s hotel occupancy rate rose by 44.6 percentage points year over year in May to reach 78.9%. The occupancy rate of three-star hotels reached […]