LONDON -- STR's preliminary November 2017 data for hotels in Hong Kong indicates significant performance levels.

Based on daily data from November, Hong Kong reported the following in year-over-year comparisons:

  • Supply: +3.1%
  • Demand: +4.5%
  • Occupancy: +1.4% to 94.3%
  • Average daily rate (ADR): +5.6% to HKD1,603.28
  • Revenue per available room (RevPAR): +7.1% to HKD1,511.50

The absolute occupancy level would be the highest for any month on record in Hong Kong. Additionally, the ADR increase was the first for a November in Hong Kong since 2011. According to STR analysts, strong inbound tourism, as well as MICE events, such as Cosmoprof Asia 2017 (14 – 16 November 2017), pushed demand.

STR will release full November 2017 results later this month.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. 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.

Alex Anstett
Media & Communications Coordinator - STR
STR