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IHG boss to step down as Holiday Inn-owner sees China rebound

IHG boss to step down as Holiday Inn-owner sees China rebound

Greater China’s RevPAR was up +75% vs 2022.

05/08/2023|2:03:23 PM|Reuters
Marriott beats market estimates on China recovery

Marriott beats market estimates on China recovery

U.S. hotel operators are now benefiting from pent-up demand throughout Asia Pacific.

05/04/2023|3:27:57 PM|Reuters
Wyndham Hotels & Resorts posts 15.6% decrease in net revenue in Q1

Wyndham Hotels & Resorts posts 15.6% decrease in net revenue in Q1

The world’s largest hotel franchisor registered 10% growth in its direct franchising business in China.

05/02/2023|3:55:33 PM|ChinaTravelNews
Sustained travel demand, hotel signings boost Hilton's first quarter

Sustained travel demand, hotel signings boost Hilton's first quarter

With travel restrictions lifted in China, RevPAR in March exceeded 2019 levels in all regions and segments for the first time since the pandemic began.

05/02/2023|10:00:00 AM|CoStar
Accor expects a full occupancy rebound early next year

Accor expects a full occupancy rebound early next year

Systemwide RevPAR is 19% above the 2019 pre-pandemic period.

05/01/2023|10:00:00 AM|Skift
Hotel rates to surge during May Day holidays, market watchdogs vow to curb gouging

Hotel rates to surge during May Day holidays, market watchdogs vow to curb gouging

From budget inns and high-end hotels to luxury resorts, most hotels in China have doubled or even tripled their rates, with some places costing thousands of yuan.

04/24/2023|3:41:06 PM|Global Times
Macau casinos shut thousands of hotel rooms in labor crunch

Macau casinos shut thousands of hotel rooms in labor crunch

Macau’s slow hiring process for foreign workers is a key hurdle to fully reopening.

04/06/2023|5:05:21 PM|Bloomberg
China's Wanda Hotel to open up to 35 hotels in 2023 despite profit drop

China's Wanda Hotel to open up to 35 hotels in 2023 despite profit drop

Wanda Hotel managed more than 120 hotels and nearly 28,660 guest rooms as of Dec. 31, 2022.

04/03/2023|1:54:16 PM|Yicai Global
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