China Has 20,000 E-Sports Hotels
Skift Take
- The total number of esports hotels in China exceeded 20,000 by the end of February this year, with the occupancy rate reaching an average of 60%.
- Trip.com said the interest in travel to mainland China has bounced back since the country resumed foreign visa applications.
- HVS Anarock’s latest report on India says occupancy will improve to 66% at hotels in 2023.
HVS Anarock’s latest report on India says occupancy will improve to 66% at hotels in 2023. That compares with the end of 2022 when occupancy was in the 59-61 percent range. Occupancy rising past 60% and room rates fully recovering last year and rising 17% this year could send RevPAR to new highs but it has not gone unnoticed. There were 166 new hotels signed in 2022 which could bring 14,855 new rooms to the market. That will take some time to impact results so for now, HVS Anarock is projecting RevPAR to rise 18% higher than where it was pre-pandemic.
Trip.com said the interest in travel to mainland China has bounced back since the country resumed foreign visa applications. The new edition of the firm’s “TripTrends Series” finds international travelers’ interest in mainland China increased significantly in the last few weeks compared to the same period in 2019. International users searching for hotels in mainland China on their platform was up 126
