No one expected a quick turn-around from lockdown to mass travel.
Shanghai dominates China’s hotel market and generates high demand for hotel rooms.
Atlantis Sanya's occupancy rate added more than 40 percentage points.
Lower-tier cities in China offer a massive growth potential, especially considering the fact that around 70% of China’s population resides in these locations.
Upscale and upper-midscale projects are particularly active, with new hotel openings forecasted to grow.
For Legacy-Huazhu business, RevPAR in Q2 2023 recovered to 121% of the Q2 2019 level.
Many hotels are going beyond their traditional role as accommodation providers by offering experience-stays for their guests.
Scenario-based retail revenues accounted for 19% of total revenues.
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