The Philippines and Melbourne Set Records
Skift Take
- STR reported China hotel RevPAR rose 6.9% year over year the week ended January 7. RevPAR, when compared to the same week in 2019, was down -39.6%.
- While the Macao Government Tourism Office is predicting visitor arrivals of just 50,000 a day for Chinese New Year week, hotel room rates across Macau are said to be surging with standard rooms now regularly priced above HK$8,000.
- Colliers International said they are expecting hotels in the Philippines will complete some 3,900 rooms, a record high for developers, as they anticipate the projected recovery in global travel in 2023.
STR reported China hotel RevPAR rose 6.9% year over year the week ended January 7. RevPAR, when compared to the same week in 2019, was down -39.6%. The results should start to change with the next report due to the removal of most of the restrictions, offset by what is still being reported by some media sources by ridiculously high daily Covid-19 positivity rates.
While the Macao Government Tourism Office is predicting visitor arrivals of just 50,000 a day for Chinese New Year week, hotel room rates across Macau are said to be surging with standard rooms now regularly priced above HK$8,000 and in some cases exceeding HK$11,000. Last year the price of rooms ranged from HK$1,000 and HK$2,000 a night. The big problem seems to be that the casino resorts are having trouble with staffing due to the Covid rates and their dismissal of staff during the pandemic.
Colliers International said they are expecting hotels in the Philippines will co
