Statistics & Trends

Seoul achieves high occupancy with demand driven by Chinese arrivals, Shanghai records highest August room rate since 2010.

“The rise of self-connecting passengers and new world travellers creates greater demand for low-cost Megahubs – and Asian airports are at the center of this trend,” said Mayur (Mac) Patel, Head of JAPAC for OAG.

The increase in global hotel prices is being driven by solid demand keeping occupancy high in most regions. Meanwhile, airlines will raise average fares in most markets to help offset higher fuel and labor costs.

Hong Kong reported a massive decline in hotel demand at 28.8% with average occupancy for August dropping 29.8% to 63.9%; competition increased as hotel supply rose 1.5%.

Since 2017, maintaining health and wellness routines while on the road has become an increasing priority for travelers. Across all regions, business travelers are striving to achieve their health and wellness routines regardless of where they are in the world.

Shane Barr, TAG’s Managing Director of Asia-Pacific, said “Asia is currently one of the most dynamic and exciting regions in the business world, having a presence in Hong Kong provides the perfect stepping stone into the booming Chinese market,”

The survey also found an increased interest for European snow holiday destinations among APAC travellers.

“Southeast Asia has always been an important region for Klook. With this partnership, we look forward to bringing more visitors from the region to western Japan and beyond,” said Ethan Lin, Klook’s CEO and Co-Founder.

Eugene, who joins the company on 16th September 2019, has a strong background in the hospitality industry and speaks five languages: English, Malay, Mandarin, Cantonese and Hokkien. With more than 20 years of experience in Asia and the West, he is uniquely positioned to drive the development of an ambitious and fast-growing Asian hospitality business.

For the first half of the year, MyCEB and its industry partners successfully won a total of 301 business events with an estimated 570,741 delegates comprising 208,555 international delegates and bringing in an estimated RM3.9 billion in economic impact.