New Hotel Brand MGM Reserve Has Its Debut in China
Skift Take
Asian hospitality sector experiences mixed performance with China hotel RevPAR declining, while MGM debuts new brand MGM Reserve and Minor International, Four Seasons, and OYO-parent Oravel Stays announce expansion plans.
CoStar's STR reported China hotel data for the week ended March 15th. Chinese hotel RevPAR was down -10.8% year over year for the week, up against what should have been an easy decline of -5.5% in the year-ago week. For the week ended March 15, 2025, hotel occupancy in China was down -3.5% year over year, while ADR was down -7.6%. Beijing said it had welcomed 940,000 foreign visitors in 2025, driven by expanded visa-free policies, contributing to a 23% rise in cross-border travel. The Beijing General Station of Exit and Entry Frontier Inspection said Beijing's total cross-border travel volume has surpassed 4 million in 2025, up 23% year on year. China has optimized its visa-free policies, extending unilateral visa-free exemptions to 38 countries while also implementing 240-hour (10-day) transit visa-free arrangements for travelers from 54 countries. Shanghai said its tourism revenue was record-breaking at 76.1 billion yuan (US$80.3 billion) in 2024. Domestic tourism revenue w
