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