Macau's October Hotel Occupancy Underwhelms
Skift Take
- STR reported China hotel RevPAR for the week ended November 26 was up 2.2% year over year.
- Macau hotels’ had average occupancy in October of 41.8%, up 4.2 percentage points from September.
- Accor announced details on some of its newest properties across Australia and New Zealand that will be opening in 2023.
STR reported China hotel RevPAR for the week ended November 26 was up 2.2% year over year. When compared with the same week in 2019, hotel RevPAR was down -33%. Absolute occupancy for hotels in China for the week was 53.7%, up from 50% during the comparable week in 2021.
Macau hotels’ had average occupancy in October of 41.8%, up 4.2 percentage points from September, not that great when you realize October had a Golden Week. The number of guests rose by 11.3% year over year to 494,300. Five star hotels saw the smallest drop in occupancy rates year over year, up 4.4 percentage points to 40.4%. Four star and two star hotels saw double digit drops, falling 20 and 18.6 percentage points respectively to 41.7% and 49.1%. Three star hotels saw occupancy decline by 14%.
Accor announced details on some of its newest properties across Australia and New Zealand that will be opening in 2023. They expect another strong year of growth and invest
