Chinese Hotels Report Surge in Revenue Per Available Room
Skift Take
- Chinese hotels experience 20% increase in revenue per available room compared to pre-pandemic levels
- Domestic tourism boom and successful virus containment measures contribute to the rise in hotel occupancy and revenue
- High-end and luxury hotels see the most significant growth in revenue per available room, with some reporting up to a 50% increase
STR gave China hotel data for the week ended March 25th. Hotel RevPAR in China was up 159.2% year over year, up against an easy decline of -51% comparison. When compared with the same week in 2019, hotel RevPAR was down -6.2%.
STR released their global bubble chart update through March 18th. It showed growing momentum in the Asia Pacific region and more than half of the markets globally with better than 20% growth in RevPAR versus 2019. In countries with room supply over 50,000 rooms, Israel, Switzerland, Singapore, the Dominican Republic and New Zealand led in RevPAR on an actual basis. Singapore was also one of the leaders in occupancy along with Thailand and New Zealand from Asia Pacific. In growth terms, Saudi Arabia continues its momentum with a RevPAR increase of 71% from 2019. Vietnam was on the bottom with RevPAR -25% below the pre-pandemic comparable. Egypt Provincial and Egypt Red Sea Resort reported ADR up more than 150% due to recent exchange ra
