Marriott Talks APAC Map Quest
Skift Take
- STR reported China hotel data for the week ended March 18. China hotel RevPAR rose 134% on a year-over-year basis, up against an easy -46% comp result in 2022.
- Marriott International announced the milestone opening of hotel number 1,000 in Asia Pacific, signaling its continued confidence in the long-term growth potential of the region.
- Sabre said they have found strong demand among Chinese outbound travelers, despite high airfare costs.
STR reported China hotel data for the week ended March 18. China hotel RevPAR rose 134% on a year-over-year basis, up against an easy -46% comp result in 2022. When compared with the same week in 2019, RevPAR was down -14%.
Sabre said after sifting through its extensive shopping and booking data to examine the impact of the reopening through February 9, 2023, on tourism in China and globally, they have found strong demand among Chinese travelers for trips despite high airfares, with fares peaking at more than 2x in January and 1.5x in February when compared to pre-pandemic prices. Demand is outstripping supply with Chinese airlines leading capacity growth. There has been a significant spike in shopping queries and requests, particularly for the outbound tourism industry. Outbound travel has rebounded faster than inbound travel to the region with Sabre data showing outbound bookings making up 43.5% of 2023 overall travel through February 9, compared to 37% for the sam
