Several major US-listed global hotel chains reported strong performance in China in the first quarter, driven by robust business and leisure demand, with momentum expected to continue through the year.
As US President Donald Trump makes a state visit to Beijing this week, international arrivals to China also jumped in the first quarter, fuelled by the country’s expanded visa-free entry policies for more countries.
Four international hotel groups – Hilton Worldwide Holdings, InterContinental Hotels Group (IHG), Marriott International, and Hyatt Hotels – reported improved revenue per available room (RevPAR) performance on both quarterly and yearly bases, according to a research note by Deutsche Bank on Wednesday.
