China Sees RevPAR Surge 54% Year-Over-Year
Skift Take
- STR reported a 54.2% increase in China's hotel RevPAR compared to last year, with Jakarta hotels reaching record occupancy and RevPAR levels, boosted by events like a Coldplay concert.
- Accor announced the opening of five new properties in Asia, along with the first Movenpick by Accor destination in Qingdao, China, as part of a strategic alliance with Sunmei Group, planning over 400 new properties across China.
- IHG, Radisson, and Wyndham announced new hotel openings in Amritsar, Surat, Goa, and Cebu, with IHG's voco Amritsar Airport and Radisson's Uday Palace Navsari targeting diverse locations.
STR said China hotel RevPAR for the week ended December 9 was up 54.2% year over year. The week’s RevPAR was up against a -6.4% comp last year. When compared with 2019, RevPAR was down -3.9%.
STR said Jakarta hotels recorded their highest levels in occupancy and RevPAR since November 2011 and November 2013, respectively. The preliminary November data has occupancy at 79.8%, up 10.9% year over year, ADR up 10.4% to IDR1,030,269.24 resulting in RevPAR of IDR822,163.52, up 22.5%. Jakarta hosted events that helped performance last month, including a Coldplay concert and IndoBuildTech Expo. The highest occupancy levels the night of the Coldplay concert, November 15, at 92.7%. Jakarta’s occupancy levels remained above the 70% mark for all but three days during the month.
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