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 reached heights not seen since January during the week of 18-25 May.
- In looking further into China's recovery growth curve, Suzhou and Wuxi showed great performance gains during the May Day holiday as anticipated. But as shown in the visibly higher growth curve of Nanjing, provincial capitals saw a flurry of activity and subsequent demand growth ahead of the National Congress with important meetings being held.
- As of April 2020, there were roughly 210,000 rooms in construction in China (excluding Economy class).
All of STR's COVID-19 analysis can be found here.
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