News

Will business travel spending return to the pre-pandemic level soon?

Posted September 23rd, 2022

The U.S. hotel industry reported the highest room rate in July 2022 on a nominal basis. According to the STR data, the key performance indicators for the industry include:

Occupancy: 69.9%

ADR (average daily rate): $159.08

RevPAR …

Hong Kong removes international travel quarantine after more than two years

Keep Reading

Posted September 22nd, 2022

The Hong Kong government has announced the ending of formal quarantine for international travelers after more than two and a half years of stringent pandemic controls.

Under new rules that will take effect from September 26, incoming …

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