Article Summary:

In January, hotels in the Asia/Pacific region reported occupancy fell 1.3% to 65.9%, and a 0.6% ADR increase to $102.53 wasn't enough to overcome a 0.7% RevPAR decrease to $67.52.

Primary Category: Monthly Data

Secondary Categories: Asia/Pacific, Data Dashboard, Monthly Data, News Release

LONDON—Hotels in the Asia Pacific region reported mixed results across the three key performance metrics during January 2019, according to data from STR.

U.S. dollar constant currency, January 2019 vs. January 2018

Asia Pacific

• Occupancy: -1.3% to 65.9%
• Average daily rate (ADR): +0.6% to US$102.53
• Revenue per available room (RevPAR): -0.7% to US$67.52

Local currency, January 2019 vs. January 2018

Bangkok

• Occupancy: +2.4% to 84.1%
• ADR: +1.6% to THB3,669.85
• RevPAR: +4.0% to THB3,084.65

The absolute occupancy and RevPAR levels were the highest for any January in STR’s Bangkok database. STR analysts note that strong demand (+4.8%) surpassed supply growth (+2.4%) due primarily to large demand increases in the Upper Upscale (+8.8%) and Upper Midscale (+10.2%) segments.

Hong Kong

• Occupancy: -0.6% to 90.1%
• ADR: +9.6% to CNY1,260.34
• RevPAR: +9.0% to CNY1,136.04

Supply (+1.8%) slightly outpaced demand growth (+1.2%), causing a slight decrease in occupancy. Regardless, the 90.1% absolute level in the metric was the second highest for any January on record in Hong Kong. According to STR analysts, the opening of the Hong Kong-Zhuhai-Macau Bridge and the Guangzhou-Shenzhen-Hong Kong Rail Link in 2018 has likely helped ease travel and increase inbound arrivals from Mainland China.

Download STR's January 2019 global hotel review.

The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editor-in-Chief Stephanie Ricca at sricca@hotelnewsnow.com.

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Headline: STR: Asia/Pacific hotel performance for January 2019

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