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Statistics

STR: Asia Pacific hotel performance for October 2020

Author: Vicky Karantzavelou / Date: Tue, 11/24/2020 - 08:16
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The Asia Pacific hotel industry reported its best performance levels since the first quarter of the year

SINGAPORE — The Asia Pacific hotel industry reported its best performance levels since the first quarter of the year, according to October 2020 data from STR.

U.S. dollar constant currency, October 2020 (percentage change from October 2019) 

  • Occupancy: 54.1% (-23.2%)
  • Average daily rate (ADR): US$74.08 (-23.7%)
  • Revenue per available room (RevPAR): US$40.07 (-41.4%)
  • The occupancy and RevPAR levels were the highest for any month in the region since January 2020, while the ADR level was the highest since March 2020.

Local currency, October 2020 (percentage change from October 2019) 

Australia 

  • Occupancy: 46.4% (-40.8%) 
  • ADR: AUD157.21 (-17.8%)
  • RevPAR: AUD73.02 (-51.4%)
  • The occupancy level was the highest for any month in Australia since February, while the ADR and RevPAR levels were the highest for any month since March. A deep dive into the pandemic’s impact on Australia's development pipeline can be found here.

Mainland China  

  • Occupancy: 66.1% (-3.1%) 
  • ADR: CNY440.18 (-9.3%)
  • RevPAR: CNY290.82 (-12.1%)

Boosted by Golden Week at the beginning of the month, the occupancy and RevPAR levels were the highest for any month in China since November 2019, while the ADR level was the highest since January 2020. 

ABOUT THE AUTHOR

Vicky Karantzavelou

Co-Founder & Chief Editor

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales. She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.