China’s hospitality sector growth curve shows signs of recovery

Guest Contributor

Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly

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).

You might also like

Comments are closed.

Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time