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STR: Asia Pacific hotel performance for October 2020

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SINGAPORE—The Asia Pacific hotel industry reported its best performance levels since the first quarter of the year, according to October 2020 data from STR.

U.S. dollar constant currency, October 2020 (percentage change from October 2019)

  • Occupancy: 54.1% (-23.2%)
  • Average daily rate (ADR): US$74.08 (-23.7%)
  • Revenue per available room (RevPAR): US$40.07 (-41.4%)

The occupancy and RevPAR levels were the highest for any month in the region since January 2020, while the ADR level was the highest since March 2020.

Local currency, October 2020 (percentage change from October 2019)

Australia

  • Occupancy: 46.4% (-40.8%)
  • ADR: AUD157.21 (-17.8%)
  • RevPAR: AUD73.02 (-51.4%)

The occupancy level was the highest for any month in Australia since February, while the ADR and RevPAR levels were the highest for any month since March. A deep dive into the pandemic’s impact on Australia's development pipeline can be found here.

Mainland China

  • Occupancy: 66.1% (-3.1%)
  • ADR: CNY440.18 (-9.3%)
  • RevPAR: CNY290.82 (-12.1%)

Boosted by Golden Week at the beginning of the month, the occupancy and RevPAR levels were the highest for any month in China since November 2019, while the ADR level was the highest since January 2020.

Additional COVID-19 analysis
All of STR’s COVID-19 analysis can be found here.

A note to editors
All references to STR data and analysis should cite “STR” as the source. Please refrain from citing “STR, Inc.” “Smith Travel Research” or “STR Global” in sourcing.

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 and costargroup.com.

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Rebeca Vélez Mínguez
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rvelezminguez@str.com
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