China’s hotel industry in on the recovery mode. Revenue per available room (RevPAR) in the country reached heights not seen since January during the week of 18-25 May. This was revealed by STR, which provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors.
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).