STR: China weekly hotel performance update
Each week, STR analysts provide a deep-dive into China hotel performance. The most recent video is linked below, available in both English and Chinese.
- RevPAR in China is starting to recover, with Midscale and Economy class hotels driving that recovery.
- RevPAR is expected to grow over the next week due to a variety of factors, such as general growth trends, easing of restrictions and the meeting of the Beijing National Congress.
- When looking at April performance, Sanya was the only market in China to post a positive year-over-year percentage change in ADR.
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.