Property News · June 12, 2019

Hotels brace for pain of worsening US-China trade war pain as consumers likely to cut non-essential spending


Hotel occupancy rates and ­revenues in Asia-Pacific fell in the first quarter as the worsening ­US-China trade war dented consumer confidence, according to a report by property agency Colliers International. Revenue per available room, a key measure of hotel performance, dropped 7.2 per cent year on year in the first three months while overall occupancy rates ­decreased to 67.4 per cent, the report found. “It is evident that the recent ­escalation in the trade dispute and the political…

Source : South China Morning Post
Read more…Hotels brace for pain of worsening US-China trade war pain as consumers likely to cut non-essential spending

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