China Ends January With Weekly RevPAR up 67% Over 2019
Skift Take
- STR reported China hotel RevPAR for the week ended January 28 was up 177.8% year over year. When compared with the same week in 2019, China hotel RevPAR was up 66.6%.
- STR said Southeast Asia sits at the lower end of recovery compared to other STR-defined subcontinents. They are above Northeastern Asia in terms of occupancy and average daily rate in 2022.
- Dusit Hotels and Resorts will add 14 hotels and resorts to their portfolio this year across China, Greece, India, Japan, Kenya, Nepal and Thailand.
STR reported China hotel RevPAR for the week ended January 28 was up 177.8% year over year. When compared with the same week in 2019, China hotel RevPAR was up 66.6%. Helping the year over year and 2019 comparison results was the timing of Chinese New Year – January 22, 2023 versus February 1, 2021 and February 5, 2019.
STR said Southeast Asia sits at the lower end of recovery compared to other STR-defined subcontinents. They are above Northeastern Asia in terms of occupancy and average daily rate in 2022. OAG data suggests Southeast Asia was still missing 35% of flight seat capacity during the last week of January 2023 compared to the same week in 2019. Six months ago that was 50% but it shows the time it takes to get air infrastructure back in place. Southeast Asia finished 2022 with an occupancy level of 53.8%, 15.6 percentage points above 2021 but still -14.5 percentage points below 2019 levels. ADR performance was US$97.71, just -6% behi
