Asian Countries Await Policy Changes While Hotels in the Rest of the World Bounce Back

STR | July 11, 2022

Top-line performance indicators for the four weeks ending 24 June 2022 show performance recovery progressing well in countries in Europe, Latin America and the Caribbean. At the same time, several countries in Asia continue to lag while awaiting a change in COVID restriction policies. Among countries with room supply of more than 50,000 hotel rooms, those in Europe boast the fullest properties and highest rates as summer travel surges. In fact, the five highest levels in revenue per available room (RevPAR) were all recorded by popular summer vacation spots in Europe—Ireland, Greece, Italy, France, and Switzerland. On the other end of the...