China's Golden Week Hotel RevPAR up 53% Over 2019 Numbers
Skift Take
- Hotel RevPAR in China surged by 77.2% year over year due to Golden Week, with a 53.2% increase compared to 2019.
- Japan's hotel industry saw an elevated average daily rate in July but struggled with occupancy recovery.
- Melbourne's hotel industry reported a decline in RevPAR in September despite increased occupancy, and October occupancy is on par with the previous year.
STR reported Chinese hotel data for the week ended October 7. Hotel RevPAR in China was up 77.2% year over year, driven by Golden Week. It was up against an easy -16.5% comp. When compared with 2019, RevPAR for the week was up 53.2%.
CoStar/STR also said Japan posted an elevated average daily rate of JPY18,507.46 in July, 126.9% of what was seen in July 2019. Japan has yet to reach fully recovery on hotel occupancy with July at 73.4% average compared to 88.3% in 2019. The first day of Marine Day, a three day long national holiday in Japan, had the highest occupancy of the month, 89.2% on July 15. That was the highest in Japan since December 15, 2019. August ADR and RevPAR did not exceed July’s figures with ADR of JPY19,438.40 (120.3% of 2019) and RevPAR of JPY14,717.34 (107% of 2019). August occupancy rates exceeded July figures with Japan hotels posting a level of 75.7%, which is 88.9% of pre-pandemic comparables. August 12th’s 87.2% was the highest occupancy level o
