Occupancy Rates for China’s Hotels Show First Year-Over-Year Growth Since Pandemic’s Start
Photo Credit: China hotels continue to post impressive recovery figures, but a recent occupancy gain may have more to do with a holiday calendar shift. Pixy / Margherita Marchetti
Skift Take
Even if recent occupancy gains are tied to a blip in the holiday calendar, Chinese hotels continue to see a coronavirus economic recovery pattern that is the envy of the world.
China’s hotel industry continues a march back to pre-pandemic performance levels while so much of the world’s travel industry grapples with uncertain demand expectations heading into fall.
Hotels in China for the week ending September 12 had occupancy rates nearly 9 percent higher than they were for the same week in 2019, the first sign of year-over-year growth since the global pandemic.
But analysts aren’t ready to call it a total industry comeback for Chinese hoteliers.
“Yes, we expect China is going to recover much faster [than the rest of the world], and occupancy in China is going to be much closer to normal levels,” said Jan Frei
