Key Asia Pacific hotel markets surpassed 2019 profitability levels in March
Wednesday, 10th May 2023
Source : STR

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).

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.

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. 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 www.str.com

 Latest News  (Click title to read article)

 Latest Articles  (Click title to read)

 Most Read Articles  (Click title to read)

~ Important Notice ~
Articles appearing on 4Hoteliers contain copyright material. They are meant for your personal use and may not be reproduced or redistributed. While 4Hoteliers makes every effort to ensure accuracy, we can not be held responsible for the content nor the views expressed, which may not necessarily be those of either the original author or 4Hoteliers or its agents.
© Copyright 4Hoteliers 2001-2024 ~ unless stated otherwise, all rights reserved.
You can read more about 4Hoteliers and our company here
Use of this web site is subject to our
terms & conditions of service and privacy policy