LONDON—STR’s preliminary May 2018 data for hotels in Hong Kong indicates strong performance results.

Based on daily data from May, Hong Kong reported the following in year-over-year comparisons:

  • Supply: +0.9%
  • Demand: +3.1%
  • Occupancy: +2.2% to 84.8%
  • Average daily rate (ADR): +9.2% to HKD2,336.05
  • Revenue per available room (RevPAR): +11.6% to HKD1,133.61

Growth in demand (room nights sold) continued to drive performance in Hong Kong. May was the fourth consecutive month with a double-digit RevPAR jump.

STR analysts note that the returning volume of inbound arrivals from Mainland China, combined with limited supply growth, creates a favorable short- to mid-term outlook for Hong Kong hotel performance.

STR will release full May results later this month. The May edition of STR’s Market Forecast is available now for Hong Kong and a host of other markets across the globe.