UAE

STR reported China hotel RevPAR rose 6.9% year over year the week ended January 7. RevPAR, when compared to the same week in 2019, was down -39.6%. The results should start to change with the next report due to the removal of most of the restrictions, offset by what is still being reported by some media […]

STR reported China hotel RevPAR for the week ended December 3. RevPAR was down -2.6% on a year-over-year basis while down -40.2% against the same week in 2019. Absolute occupancy for the week was 49.5%, which compares with 47% during the comparable week last year. More reports are coming out about China’s decision to roll back Covid-Zero rules. People […]

The DJIA fell 195 points, Nasdaq was up 14, the S&P 500 fell 4 points and the 10 year treasury yield was down .17 to 3.53%. How is that for a weird market? Lodging stocks were mixed. VCSA was down -5% while SLNA traded down to another new low. Truist gave their observations on the latest forward-looking booking and pricing trends for US hotels and checks with contacts. […]