China currently has 2,401 projects/437,731 rooms under construction, up 5% by projects and 7% by rooms YOY.
Spring Airlines Japan bets on post-pandemic China tourism boom; China’s hotel recovery evaporated in two weeks.
Revenue per available room is now at roughly half of 2019 levels.
In 2017, KKR and KSL bought the Pennsylvania-based resort operator from Bain Capital for an undisclosed price.
Revenue managers at hotels feel able to keep rates up because occupancy is getting higher.
China's overall scheduled air capacity fell 31.9% over the last week.
96,000 Chinese hotel enterprises go under in first half of 2021, up by 24.7% from last year; State airlines shy away from HNA restructuring.
In the first half of this year, 191,000 new hotel enterprises were registered, up by 11% year-on-year.
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