2019 was already a challenging year for hotels across Asia, as profit for the year fell more than 3% year-over-year.
Then came the emergence and spread of COVID-19, which reared its head first in China and then across the region, and had a deleterious impact on hotel performance in February 2020.
It will doubtlessly have a negative effect on the region for at least the near-term.
In this report, we look back on 2019 and illustrate the story behind the numbers. Download Profit Matters: Asia Annual Hotel Performance Tracker 2020 to learn about key data including:
- Revenue and profit measures across five major cities
- 2019 versus 2018 TRevPAR and GOPPAR year-over-year comparison
- Revenue contribution by department
- Estimates of what’s in store for 2020
Download the free report here
