China RevPAR Last Week Down YoY
Skift Take
- Hotel RevPAR in China was down -35.5% year over year while down -52.5% when up against the same week in 2019.
- Hyatt Hotels announced the opening of Hyatt Centric Kota Kinabalu, marking the debut of the lifestyle brand in Malaysia and Southeast Asia.
- Absolute Hotel Services Group announced the first Absolute Collection property in Vietnam with the signing of Lamia Bao Loc Resort.
STR reported China hotel RevPAR for the week ended 10/15. Hotel RevPAR in China was down -35.5% year over year while down -52.5% when up against the same week in 2019. Absolute occupancy for the week in 2022 was 46.2%. That compares with 65% during the comparable week in 2021.
Hyatt Hotels announced the opening of Hyatt Centric Kota Kinabalu, marking the debut of the lifestyle brand in Malaysia and Southeast Asia. The 222-room hotel is centrally located in the heart of the city’s dining and entertainment district. The 23-story hotel features modern guestrooms with balconies, 16 suites and is crowned with an infinity pool, duplex restaurant and bar on the rooftop, offering sweeping views overlooking Signal Hill, the islands at Tunku Abdul Rahman Marine Park and the South China Sea. The hotel is located in close proximity to the Sabah International Convention Centre, a sports complex and a university. Amenities include the ON22 restaurant and ON23 bar, rooftop double
