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Asia-Pacific

Accor Reveals Asia Property Openings for 2023

STR said China hotel RevPAR for the week ending December 10, was down -6.4% year over year. When compared with pre-pandemic, hotel RevPAR in China was down -37.4% against the same week in 2019. Absolute occupancy was 50.5%, compared with 49.7% during the comparable week in 2021. Accor announced its list of highly anticipated properties that will open in 2023. […]

December 15th, 2022

Asia-Pacific

Macau’s October Hotel Occupancy Underwhelms

STR reported China hotel RevPAR for the week ended November 26 was up 2.2% year over year. When compared with the same week in 2019, hotel RevPAR was down -33%. Absolute occupancy for hotels in China for the week was 53.7%, up from 50% during the comparable week in 2021. Macau hotels’ had average occupancy in October of 41.8%, up 4.2 […]

December 1st, 2022

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