Asia-Pacific
China's Travel Rebound May Speed Up
STR reported China hotel RevPAR was down -17.7% year over year for the week ended 12/31/22. When compared to the same week in 2019, RevPAR was down -23.6%.
As of Sunday, the terrible hotel news of the past three years is just that, in the past as borders were reopened in China .
The Philippines and China signed a new comprehensive tourism agreement that aims to strengthen mutual development in areas such as hotels, resorts, cruise ships, ports, tourism products and other related industries.