Tag: Hotel recovery will be U-shaped and varied across countries and regions; domestic travel will return first

Press Release from Colliers International  Hotels across Asia Pacific continued to experience poor performance in Q2, with overall room occupancy and average daily rate (ADR) showing decreases to 33.9% and US$60.32, respectively 2. Revenue Per Available Room (RevPAR) for the region declined by some 69.9% year-on-year 3.   In terms of room occupancy, most markets…