NEW YORK -- Several of the world's largest hotel chains are looking toward China to be their major growth engine in 2023, as Chinese travelers return both domestically and abroad after three years of COVID-related lockdowns.
Stronger room demand set to drive up revenue following U.S. recovery
Chinese tourists arrive in Bali, Indonesia, in January. More than 40% of Marriott's recent room bookings in the Asia-Pacific region came from Chinese travelers. © Reuters
NEW YORK -- Several of the world's largest hotel chains are looking toward China to be their major growth engine in 2023, as Chinese travelers return both domestically and abroad after three years of COVID-related lockdowns.