At the end of Q1 ‘22, China’s total hotel construction pipeline reached record high project and room counts.
IDeaS Consulting helps build revenue culture within the International Youth Convention Hotel leading to revenue growth of 8.64Million RMB.
Ascott Acquires Two Properties in Ningbo China and Amsterdam for around USD190 million.
Sector’s contribution to the GDP could be just 5.2% behind pre-pandemic levels.
Mainland China’s hotel industry surpassed its 2019 comparable in Lunar New Year ADR even with substantially lower occupancy.
China’s total hotel construction pipeline at the end of the fourth quarter was up 9% by projects and rooms year-over-year.
Asia Pacific’s total construction pipeline, excluding China, ended 2021 with Project counts up 5% year-over-year.
Never miss a trend.