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China RevPAR Improves YoY But Falls Short of 2019

STR reported China lodging data for the week ended 9/24. Hotel RevPAR was up 5.1% year over year. When compared with the same week in 2019, RevPAR was down -21.5%. The St. Regis Jakarta is set to debut on November 10, 2022, within Jakarta, Indonesia’s Golden Triangle District. Club Med said their three Japan properties are ready to welcome back guests. That includes the brand new Club Med Kiroro Peak, opening in December 2022.

Trip.com Says China Summer Bookings 20% Higher Than 2019

STR reported China hotel RevPAR the week ended September 17   fell -11.5% year over year. When compared with the same week in 2019, China hotel RevPAR was down -40.1% Despite STR reporting week after week for the past several months that China hotel RevPAR has plunged again, Trip.com said hotel reservations in China surpassed pre-pandemic levels since late June . Hyatt Hotels Corporation announced the opening of Hyatt Place Bharuch . This is the second Hyatt Place hotel in Gujarat and the sixth Hyatt Place hotel in in India.

Foreign Tourists Buoy Thailand

A rebound in foreign tourist arrivals into Thailand  is pushing up the nation’s hotel occupancy rate from a record low during the pandemic. Hotel industry experts are predicting an influx of international tourists in the Philippines in the final quarter of 2022, particularly in Manila, Cebu and Clark. ITC Hotels in India could soon be spun out of conglomerate ITC. The chairman of the parent company told reporters they are exploring alternate structures for ITC Hotels, in line with industry recovery dynamics.