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:
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.