Thursday, September 14, 2023

Marriott Expands Into Indonesia’s New Capital

  • China’s hotel industry saw a significant year-over-year increase in RevPAR, up 58.1% compared to a decline in the previous year.
  • Hong Kong’s tourism sector experienced a gradual recovery, with August visitor arrivals reaching 84% of pre-pandemic levels.
  • Wharf Hotels introduced Maqo, a new premium lifestyle brand, expanding its portfolio and aligning with its “25 by 2025” growth vision. Maqo’s inaugural hotel will be in Changsha, China, and it aims to provide unique, edited experiences for its guests.

STR reported China hotel data for the week ended September 9th. China hotel RevPAR was up 58.1% year-over-year, up against a decline of -12.3% in the year-ago week. Compared with the same week in 2019, RevPAR was up 10.3%. The Hong Kong Tourism Board said HK recorded preliminary visitor arrivals of about 4.1 million in August, representing […]