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Tue, 26 May 2020

Hotels in Asia Pacific Report April 2020 Drop in ADR, OR and RevPAR

According to the latest date from STR, the Asia Pacific hotel industry reported record lows in the three key performance metrics during April 2020.

In U.S. dollar constant currency, hotels in the Asia Pacific region reported a -60.3% drop in OR to 28%, ADR fell -44.8% to US$54.97, while RevPAR plummeted -78.1% to US$15.38 in April 2020 when compared to the same month in 2019.

The absolute levels in each of the three KPIs were the lowest for any month on record in the region.

South Korea (KRW, April 2020 vs. April 2019)

OR: -70.8% to 20%
ADR: -21% to KRW 112,897.83
RevPAR: -76.9% to KRW 22,536.18

Charles H. - the secret and award-winning bar at the Four Seasons Hotel Seoul. Click to enlarge.

Each of the three key performance metrics were up from March but remained the lowest for any April on record in the country.

 Incheon & Seoul experienced a 75.2% year-on-year decrease in OR to just 18.8%.

Australia (AUD, April 2020 vs. April 2019)

OR: -72.7% to 19.9%
ADR: -33.1% to AUD 119.87
RevPAR: -81.7% to AUD 23.85

The absolute occupancy, ADR and RevPAR levels were the lowest for any month in STRs Australia database.

 Among key markets, Melbourne and Sydney saw year-on-year occupancy declines of 65% and 73.7%, respectively.

Returning travelers are predominantly keeping OR up, as seen in Adelaide, where year-on-year occupancy declines eased slightly during April up to 13 May due to returning travelers from India.

See latest Travel News, Video Interviews, Podcasts and other news regarding: COVID19, STR, ADR, OR, RevPAR.

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