Hong Kong hotel occupancy hits 89%

Demand for rooms in Hong Kong rose 6.6% in July 2017
Demand for rooms in Hong Kong rose 6.6% in July 2017

Hong Kong’s hotel industry continues to thrive, as it recovers strongly from a relatively poor year in 2016.

According to the latest monthly data from STR, the city recorded an average occupancy of 89.1% in July 2017, up 3.1% compared to the same month last year. This followed a 6.6% increase in demand for rooms in the city, which is partially being driven by a rebound in visitation from mainland China.

This rising demand is also enabling hoteliers to increase their rates; Hong Kong’s average daily rate (ADR) climbed 6.1% to HK$1,213.87 (approx. US$155) in July, while revenue per available room (revPAR) jumped 9.4% to HK$1,081.14.

These figures significantly exceed the Asia Pacific averages of 69.1% occupancy and US$100 ADR for the first six months of 2017.

Statistics from the Hong Kong Tourism Board showed that visitor arrivals from mainland China increased 2.3% in the first half of the year, following a downturn in 2016.

 

You might also like

Comments are closed.

Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time
Close