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.Key highlights:
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.
Key highlights:
- 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.
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CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
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