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Post-Pandemic Hospitality Trends & Economics in China | By Kimberly Yoong – Hospitality Net
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CNY2,843.60
“Although this year’s celebrations felt a bit different
with fireworks banned in many cities, some Lunar New Year’s traditions were
still in place,” said STR’s regional manager for North Asia, Christine
Liu.
“However, recent outbreaks and travel restrictions softened
hotel performance for the festival period. Performance has been largely tied to
the success of virus containment efforts.”
Daily occupancy in the market sat in the 30% range for most
of the festival period (11 February-17 February), then rose to as high as 37.6%
on Saturday, 20 February.
A forecast for China’s continued recovery will be among the
insights shared during the upcoming Hotel Data Conference: Global Edition.