Hotels in the Asia Pacific region reported mostly negative results across the three key performance metrics during July 2019, according to data from STR.
- Occupancy: +0.2% to 73.2%
- Average daily rate (ADR): -1.5% to US$95.48
- Revenue per available room (RevPAR): -1.3% to US$69.91
- Occupancy: -4.1% to 83.4%
- ADR: -9.1% to HKD1,163.21
- RevPAR: -12.9% to HKD970.42
STR analysts note that ongoing protests in Hong Kong have affected performance levels in the market. Hotel demand for the month fell 3.0%, and preliminary figures show a double-digit decline in visitor arrivals during the second-half of July, according to the Hong Kong Tourism Board. That steep drop follows a first half of the year that showed a 13.9% increase in visitor arrivals.
- Occupancy: +1.9% to 91.8%
- ADR: +0.5% to SGD268.79
- RevPAR: +2.4% to SGD246.80
The country eclipsed 90% occupancy for the first time in history. STR analysts note that the transient segment (bookings of less than 10 rooms) produced strong demand growth (+7.1%) during the month, while group (bookings of 10 or more rooms) demand fell 7.2%. According to the Singapore Tourism Board, the country welcomed 9.3 million international visitors during the first six months of 2019.