China RevPAR Up YOY
Skift Take
- STR reported China hotel RevPAR for the week ended September 3rd. Year over year, hotel RevPAR was up 19.3%, still up against easier year-over-year comps.
- The DuGhassan Aboud Group has acquired Sydney, Australia’s Rydges Sydney Harbour Hotel for approximately $100 million.
- Radisson Hotel Group announced the continued expansion of their brand footprint with Radisson Resort & Suites Phuket.
STR reported China hotel RevPAR for the week ended September 3. Year over year, hotel RevPAR was up 19.3%, still up against easier year-over-year comps. When compared to the similar week in 2019, hotel RevPAR was down -28.2%. Absolute occupancy for the week was 52.7%. That compares with absolute occupancy of 46.65 during the same week in 2021.
The DuGhassan Aboud Group has acquired Sydney, Australia’s Rydges Sydney Harbour Hotel for approximately $100 million. DuGhassan acquired the 176-room hotel with its hotel management division, Crystalbrook Collection. The Ghassan Aboud Group already owned eight other Australian hotel properties in Brisbane, Byron Bay, Cairns, Newcastle and Sydney’s Surry Hills.
Radisson Hotel Group announced the continued expansion of their brand footprint with Radisson Resort & Suites Phuket. The hotel is positioned just 27 kilometers from Phuket International Airport, nestled between jungle-clad h
