TFE Hotels, ShriGo Hotels and Grand Amanta Expand
Skift Take
- STR said China hotel RevPAR the week ended 12/24 was down -21.9% year over year and down -38.9% versus the same week in 2019.
- Marriott International said its transformation of the Sheraton Hotels & Resorts brand continues to build momentum across the globe.
- TFE Hotels will launch into 2023, opening three new-build hotels in the first half. The Adina Apartment Hotel Pentridge Melbourne will open in Australia in February.
STR said China hotel RevPAR the week ended 12/24 was down -21.9% year over year and down -38.9% versus the same week in 2019. Absolute occupancy was 41.4% versus 51.1% the year before week. For now, there are really only two things that matter. The first is getting Covid to peak and start to see cases rapidly decline and the second is that on January 8, China will drop quarantine requirements for international arrivals. For now, travelers will be hesitant to go the China, Macau and Hong Kong due to the massive wave of Covid infections and because many countries are imposing restrictions on those arriving from China.
Marriott International said its transformation of the Sheraton Hotels & Resorts brand continues to build momentum across the globe. Greater China now features eight properties including the soon-to-open Sheraton Xi’an Chanba. The hotel will offer 228 residential-style guest rooms and suites and a Sheraton Club, an exclusive space for Marriott Bonvo
