Asia-Pacific
TFE Hotels, ShriGo Hotels and Grand Amanta Expand
STR said China hotel RevPAR the week ended 12/24 was down -21.9% year over year and down -38.9% versus the same week in 2019.
Marriott International said its transformation of the Sheraton Hotels & Resorts brand continues to build momentum across the globe.
TFE Hotels will launch into 2023, opening three new-build hotels in the first half. The Adina Apartment Hotel Pentridge Melbourne will open in Australia in February.