Trip.com Says China Summer Bookings 20% Higher Than 2019
Skift Take
- 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%
- Despite STR reporting week after week for the past several months that China hotel RevPAR has plunged again, Trip.com said hotel reservations in China surpassed pre-pandemic levels since late June.
- Hyatt Hotels Corporation announced the opening of Hyatt Place Bharuch. This is the second Hyatt Place hotel in Gujarat and the sixth Hyatt Place hotel in in India.
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 months that China hotel RevPAR has plunged again, Trip.com said hotel reservations in China surpassed pre-pandemic levels since late June. Trip.com said during their earnings call that total domestic hotel bookings were around 20% higher than 2019 level in July and they continue to grow over the 2019 level in August, achieving hyper growth versus 2021. Considering RevPAR and absolute occupancy have been down for months year over year and against pre-pandemic comps, it seems like the people who are traveling may be booking on Trip.com and nowhere else. Trip.com said same city hotel reservations grew by 30% last quarter versus the 2019 lev
