Thursday, October 12, 2023

China’s Golden Week Hotel RevPAR up 53% Over 2019 Numbers

  • Hotel RevPAR in China surged by 77.2% year over year due to Golden Week, with a 53.2% increase compared to 2019.
  • Japan’s hotel industry saw an elevated average daily rate in July but struggled with occupancy recovery.
  • Melbourne’s hotel industry reported a decline in RevPAR in September despite increased occupancy, and October occupancy is on par with the previous year.

STR reported Chinese hotel data for the week ended October 7. Hotel RevPAR in China was up 77.2% year over year, driven by Golden Week. It was up against an easy -16.5% comp. When compared with 2019, RevPAR for the week was up 53.2%. CoStar/STR also said Japan posted an elevated average daily rate of […]