Oyo Hotels & Homes makes up the largest hotel supply count (952,495 rooms) in the Asia Pacific region, while Jin Jiang International leads in number of rooms in the development pipeline (391,088 rooms).
Planning on marketing to Chinas outbound travellers? - checked. Having a Chinese website up and running? Errr - not quite. Flounder no further!
Analysts at Lodging Econometrics report that at the end of the first half of 2019, Chinas total construction pipeline swelled to 2,991 projects/592,884 rooms, up 19% by projects and 7% by rooms year-over-year (YOY), both at all-time highs, amidst an economic slowdown. The China growth rate is expected to be 6.2% for 2019, the lowest reported since 1990.
Melbourne hotel occupancy declined 2.4% to 81.9% in August, according to preliminary monthly data from STR. ADR increased 0.5% to 180.06 Australian dollars ($123.70) and RevPAR decreased 1.9% to AU$147.47 ($101.31).