Chinese market reports improved hotel performance in October
The Amari Yangshuo in China. Occupancy rates were highest during the Golden Week holiday.
While most hotels globally still struggle to earn income, the hospitality sector in China is more upbeat, largely driven by a domestic travel boom.
China, the first country affected by Covid-19 and the first to recover from it, is reporting improved hotel performance.
According to STR, a hospitality market analyst, the hotel occupancy rate in China closed at 66.1% for October, which was 3.1% weaker than the same period last year, but still healthier than many other countries.
Major support derived from domestic demand during the Golden Week holiday, which led the occupancy rate…
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