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Signs of recovery for the hotel industry in China

Author: Theodore Koumelis / Date: Mon, 05/25/2020 - 05:45
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Each week, STR analysts provide a deep-dive into China's hotel performance. Watch the latest video report.

Chinese hotel industry starts showing signs of recovery since RevPAR starts growing again according to STR. More specifically:

  • RevPAR in China is starting to recover, with Midscale and Economy class hotels driving that recovery. 
  • RevPAR is expected to grow over the next week due to a variety of factors, such as general growth trends, easing of restrictions and the meeting of the Beijing National Congress.
  • When looking at April performance, Sanya was the only market in China to post a positive year-over-year percentage change in ADR. 

Watch the full video report with Jesper Palmqvist, Area Director Asia Pacific:

ABOUT THE AUTHOR

Theodore Koumelis

Co-Founder & Managing Director

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.