Marriott Expands Into Indonesia's New Capital
Skift Take
- China's hotel industry saw a significant year-over-year increase in RevPAR, up 58.1% compared to a decline in the previous year.
- Hong Kong's tourism sector experienced a gradual recovery, with August visitor arrivals reaching 84% of pre-pandemic levels.
- Wharf Hotels introduced Maqo, a new premium lifestyle brand, expanding its portfolio and aligning with its "25 by 2025" growth vision. Maqo's inaugural hotel will be in Changsha, China, and it aims to provide unique, edited experiences for its guests.
STR reported China hotel data for the week ended September 9th. China hotel RevPAR was up 58.1% year-over-year, up against a decline of -12.3% in the year-ago week. Compared with the same week in 2019, RevPAR was up 10.3%.
The Hong Kong Tourism Board said HK recorded preliminary visitor arrivals of about 4.1 million in August, representing a 14% increase from July results. That is equivalent to 84% of the pre-pandemic level. Over 20 million visitor arrivals were recorded from January to August. Impacting the results and pace of the recovery are currency exchange rates, airline capacity, and a continued weak global economic outlook. August results, as usual, were driven by mainland visitation of 3,434,022.
Hong Kong-based Wharf Hotels announced the launch of Maqo. The new premium lifestyle brand further diversifies Wharf Hotels' portfolio. This also fulfills a key milestone of the Group's "25 by 2025" vision to increase its portfolio to 25 by 2025. Ma
