Asia-Pacific
Macau's Five-Star Hotels Are Back to 2019 Rates
China's hotel RevPAR rose 44.3% in a week, compared to a strong 89.7% rise a year ago. RevPAR also increased by 12.3% compared to 2019.
Vietnam's flexible economy attracts investors despite short-term challenges. M&A deals increased, supported by lowered interest rates, with a positive medium-term outlook.
Macao's daily visitor arrivals exceeded expectations in August, reaching 139,000 in a day. Hotel occupancy rates rebounded, hosting numerous MICE events, and a new Andaz hotel is set to open.