Successful May Day Another Sign of China’s Hotel Performance Recovery

STR | May 18, 2023

With long-held COVID restrictions in the rearview, China’s hospitality industry has embarked on a rapid journey to normalcy, which has been fairly successful thus far. Business demand, especially in Tier 1 cities, is hugely important and launched its comeback following the Lunar New Year holiday. Leisure travel, while prevalent on weekends, typically stands out during a select set of longer holidays, including Lunar New Year in the first quarter of the year, May Day in the second quarter, school holidays in the third quarter, and Mid-Autumn Festival and National Day in the fourth quarter. In 2023, the May Day holiday ran on...