Latest News
HomeStatistics & TrendsKey Asia Pacific hotel markets surpassed 2019 profitability levels in March
Hospitality

Key Asia Pacific hotel markets surpassed 2019 profitability levels in March

  • Bali, Indonesia

Bali’s March GOPPAR reached US$52.92, which was 227.6% of the pre-pandemic comparable.

LONDON — Further supporting recovery around the region, a majority of Asia Pacific’s key hotel markets surpassed their 2019 levels in gross operating profit per available room (GOPPAR), according to STR‘s March 2023 P&L data release.

Bali’s March GOPPAR reached US$52.92, which was 227.6% of the pre-pandemic comparable. In February, the market reported GOPPAR at US$41.90, which was 121% of the 2019 level.

New Delhi followed with a GOPPAR of US$82.40, which was 164.4% of the 2019 comparable. The GOPPAR level was slightly lower than February (US$101.71). While improved over February, Hong Kong’s GOPPAR was just 76.1% of the 2019 comparable.

Co-Founder & Managing Editor - TravelDailyNews Media Network | + Articles

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.

Tags
17/06/2024
14/06/2024
13/06/2024
12/06/2024
11/06/2024
10/06/2024