Properties and Rooms in 2020
Real Estate
Hospitality
Market Analysis
2 min read
Updated By: Ravindi Samaradiwakara
Published:
In 2020, the company reported a total of 205 properties and 69,941 rooms in Greater China. This represented a slight decrease in the number of properties compared to previous years, while the number of rooms increased. The growth in room count indicates a strategic focus on expanding capacity within existing properties or enhancing the offerings of the current portfolio. The increase in rooms could be attributed to various factors, including a rise in demand for accommodations in the region, possibly driven by tourism or business travel. The data suggests that while the company may have streamlined its property holdings, it simultaneously sought to maximize the utilization of its existing assets by increasing the number of available rooms.
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