Jeddah

STR reported Sydney’s hotel industry recorded its highest performance levels of the pandemic-era. The preliminary November 2022 data shows occupancy averaging 79.8% for the month, ADR at A$273.07 resulting in RevPAR of A$217.79.  STR said the market’s ADR level was the highest for any month on record except for September 2000 when it hosted the Sydney […]

STR reported China hotel RevPAR for the week ended 11/5 was up 4.4% year over year. When compared to a similar week in 2019, RevPAR was down -44.7% which tells a better story of what is going on there. Year over year, absolute occupancy for this past week was 49.6% while the comp week in 2021 absolute occupancy […]

STR reported China lodging data for the week ended 9/24. Hotel RevPAR was up 5.1% year over year. When compared with the same week in 2019, RevPAR was down -21.5%. Absolute occupancy was 57.5% for the week compared with 52.1% in the comparable week last year. The St. Regis Jakarta is set to debut on November 10, […]

STR reported China hotel RevPAR the week ended September 17 fell -11.5% year over year. When compared with the same week in 2019, China hotel RevPAR was down -40.1%. Absolute occupancy for the week was 49.7% in China, down from 57.1% in the same week in the previous year. Despite STR reporting week after week for the past several […]