Macau Tops Forbes Travel Guide’s Five-Star List
Skift Take
- When going up against the same week in 2019, pre-pandemic, China’s RevPAR last week was up 1.3% despite tough Chinese New Year comps due to the timing of the holiday.
- The average occupancy rate of hotels in Taiwan was 48.06% last year, the fourth lowest in history, but the average room price per night rose to NT$4,195 (US$138), which is a record high.
- After four years of London being on top as the five-star hotel capital of the world, they have lost that title to Macau, China.
STR reported China hotel RevPAR, the week ending February 11, was up 61.6% year over year. That was despite being up against a 54% comp result in 2022. When going up against the same week in 2019, pre-pandemic, RevPAR last week was up 1.3% despite tough Chinese New Year comps due to the timing of the holiday.
The average occupancy rate of hotels in Taiwan was 48.06% last year, the fourth lowest in history, but the average room price per night rose to NT$4,195 (US$138), which is a record high. The Taiwan Tourism Bureau said despite being affected by the pandemic, the average hotel room rate in Taiwan has grown for three consecutive years. Scholars told the Taiwan News that the main reason for the high hotel room rates in the country have been rising commodity prices and labor costs. That may be true but if customers won’t pay the prices and there is no demand, hoteliers have to lower rates. With the opening of Taiwan’s borders, any further uptick in
