COVID-19: Mainland China recovering? | Trump, so far, is not

China hotels show early signs of recovery Mainland China’s occupancy reached an absolute level of 31.8% on March 28, up from a low of 7.4% during the first week of February, according to preliminary data from STR. Additionally, opening rates have been significant in key markets across the region. In Beijing, occupancy sat around 10% for most of the first week of March, but climbed to as high as 21.6% on March 28. Shanghai was as low as 11.0% on March 1 but reached 28.6% on March 28. Among the key STR-defined markets for mainland China, the highest absolute occupancy levels have been seen in Xi’an (35.9%…
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