Hilton Garden Inn Tripling China Portfolio
Skift Take
- STR said Melbourne, Australia’s hotel performance in August fell from the previous month. Preliminary August 2022 data shows occupancy at 59%, ADR at A$207.05 and RevPAR at A$122.10.
- Hilton said their Hilton Garden Inn brand is poised to triple its portfolio in Greater China and offer travelers an expanded network of 135 properties in the coming years.
- Louvre Hotels Group, an affiliate of Jin Jiang International, the second largest hotel group in the world, has begun construction of its five hundredth project in China.
STR said Melbourne, Australia’s hotel performance in August fell from the previous month. Preliminary August 2022 data shows occupancy at 59%, ADR at A$207.05 and RevPAR at A$122.10. STR said ADR was higher than August 2019 but the occupancy and RevPAR levels remained below the pre-pandemic comparables at -27.3% and -16.1% respectively. STR said the highest occupancy level was recorded on Saturday, August 20th at 80.6%. The market’s daily occupancy levels remained above 50% for the month with just five days of occupancy in the 40% range.
Hilton said their Hilton Garden Inn brand is poised to triple its portfolio in Greater China and offer travelers an expanded network of 135 properties in the coming years. The brand has 98 hotels in the pipeline and will account for nearly 1 in 3 future openings for the brand globally in the China market. The development strategy for Greater China is focused on top tier cities, as well as emerging de
