Industry Update
Press Release23 September 2020

STR: Asia Pacific hotel performance for August 2020

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The Asia Pacific hotel industry reported continued improved performance from previous months but at overall low levels, according to August 2020 data from STR.

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

  • Occupancy: -31.0% to 50.8%
  • Average daily rate (ADR): -27.3% to US$69.81
  • Revenue per available room (RevPAR): -49.8% to US$35.48

Although up month to month, each metric was the lowest for any August on record in the region.

Local currency, August 2020 vs. August 2019

India

  • Occupancy: -61.9% to 23.0%
  • ADR: -30.1% to INR3,498.04
  • RevPAR: -73.4% to INR805.34

Each of the three key performance metrics were up from July, but occupancy and RevPAR remained the lowest for any August on record in the country.

Mainland China

  • Occupancy: -11.9% to 64.2%
  • ADR: -15.2% to CNY422.05
  • RevPAR: -25.4% to CNY271.11

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.

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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