Oman

STR reported China hotel RevPAR for the week ended March 11. Hotel RevPAR in China was up 85% year over year for the week. While a great showing, when compared with the same week in 2019, RevPAR was still down -10%. STR said Sydney WorldPride 2023 drove the market’s hotel average daily rate and RevPAR above pre-pandemic levels while […]

Bloomberg published an article suggesting Fosun International Ltd. is exploring the potential for sales of most of the company’s divisions, seeking capital to repay debt. Bloomberg said the company told advisors its domestic food and beverage business is available for potential investors or buyers, and is considering strategic options for its investment in electric vehicle […]

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 […]