LONDON, 12 October 2017: Despite a supply growth of 3.1% in rooms, Hong Kong hotels enjoyed their first RevPAR increase for the month of September since 2013.
RevPAR, or revenue per available room, grew 4.5% to HKD1,84.03 for Hong Kong’s hotels.
STR issued what it calls preliminary data for September, Wednesday, that showed hotels in Hong Kong have seen rate-driven performance growth.
Average daily rate improved by 4.0% to HKD1,366.85
STR said that despite notable supply growth, this was Hong Kong’s first RevPAR increase for a September since 2013.
Statistics from the Hong Kong Tourism Board show that arrivals from Mainland China increased 1.9% for the August year-to-date time period.
STR will release full September 2017 results later this month.