The Asia Pacific hotel industry reported continued improved performance from previous months but at overall low levels during June 2020.

U.S. dollar constant currency, June 2020 vs. June 2019

• Occupancy: -43.0% to 38.8%
• Average daily rate (ADR): -35.2% to US$58.86
• Revenue per available room (RevPAR): -63.1% to US$22.82

Although up from May, the absolute levels in each of the three KPIs were the lowest for any June on record in the region.

Local currency, June 2020 vs. June 2019

India

• Occupancy: -67.1% to 20.8%
• ADR: -40.8% to INR3,140.73
• RevPAR: -80.5% to INR652.91

While up slightly from May levels, the absolute occupancy and RevPAR levels were the lowest for any June in STR’s India database.

South Korea

• Occupancy: -51.8% to 33.6%
• ADR: -20.1% to KRW117,061.03
• RevPAR: -61.5% to KRW39,351.03

The absolute levels in the three key performance metrics were the lowest for any June on record in South Korea but were higher than May levels in the country.

Melbourne showed slightly higher hotel performance in June 2020 but the same significant level of year-over-year declines, according to preliminary data from STR.

Comparison with June 2019:                                                                                   

• Occupancy: -53.4% to 34.0%
• Average daily rate (ADR): -29.4% to AUD119.14
• Revenue per available room (RevPAR): -67.1% to AUD40.52

Higher weekend demand from leisure travelers has helped push performance levels slightly above the consistent demand of quarantined returning travelers. June marked the first month that occupancy and RevPAR were above 30% and AUD40.00, respectively, since March.

July’s performance is likely to be negatively impacted as Melbourne and Victoria have reinstated stage 3 stay-at-home restrictions through mid-August. 

About STR
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com