• Trade war hit

Worsening US-China trade relations are blamed for a fall in hotel revpar in Asia Pacific. The region saw a 7.2% year on year drop, reports the South China Morning Post.

Agents Colliers suggest consumer and business confidence is weakening. An expected 3-4% revenue growth in 2019 could easily reduce to zero, or turn negative, if trade disputes are not resolved.

Read the full story here:

https://www.scmp.com/business/article/3014096/hotels-brace-pain-worsening-us-china-trade-war-pain-consumers-likely-cut

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