STR: Asia Pacific hotel performance for 2020

Hotels in the Asia Pacific region saw record-low performance during 2020, according to data from STR.

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

• Occupancy: 44.5% (-35.6%)
• Average daily rate (ADR): US$74.99 (-22.2%)
• Revenue per available room (RevPAR): US$33.39 (-49.9%)

Each of the three key performance metrics were the lowest for any year on record in the region.

Local currency, 2020 vs. 2019

Australia

• Occupancy: 44.7% (-39.4%)
• ADR: AUD163.90 (-11.5%)
• RevPAR: AUD73.32 (-46.4%)

The 2020 occupancy and RevPAR levels were the lowest for any year on record in Australia. However, after falling to its pandemic low point in April (occupancy: 19.8%), Australia reported continued performance improvement through the end of the year. In December, each of the three key performance metrics were the highest for the country since February: occupancy (52.8%), ADR (AUD189.50) and RevPAR (AUD99.98).

Philippines

• Occupancy: 42.6% (-37.6%)
• ADR: PHP3,689.33 (-32.0%)
• RevPAR: PHP1,572.32 (-57.6%)

The absolute occupancy and RevPAR levels were the lowest for any year in STR’s Philippines database, while ADR was the lowest since 2004. June was the country’s worst month in terms of occupancy (27.0%).

Website: www.theholidayandtravelmagazine.blogspot.com.au