• Regional occupancy down due to softening in demand growth from Mainland China
  • Hong Kong RevPAR grows for 17th consecutive month despite Typhoon Mangkhut
  • Osaka performance levels affected by Typhoon Jebi

Hotels in the Asia Pacific region posted mixed results across the three key performance metrics during September 2018, according to data from STR.

U.S. dollar constant currency, September 2018 vs. September 2017

Asia Pacific

  • Occupancy: -2.7% to 69.2%
  • Average daily rate (ADR): +2.8% to US$106.24
  • Revenue per available room (RevPAR): +0.1% to US$73.47

STR analysts note that key markets in the region, such as Thailand, saw a softening in demand growth from mainland China.

Local currency, September 2018 vs. September 2017

Hong Kong

  • Occupancy: -4.2% to 82.8%
  • ADR: +8.1% to HKD1,458.29
  • RevPAR: +3.6% to HKD1,206.94

Hong Kong hotels have posted a year-over-year increase in RevPAR for 17 consecutive months. According to STR analysts, the September increase had to be driven primarily by ADR growth as Typhoon Mangkhut led to three days with double-digit declines in demand and occupancy (15-17 September).

Osaka, Japan

  • Occupancy: -14.7% to 76.9%
  • ADR: -6.3% to JPY14,018.50
  • RevPAR: -20.1% to JPY10,774.26

RevPAR has declined year over year for seven consecutive months in the market. STR analysts note that Typhoon Jebi had a significant impact on Osaka's performance levels as did continued significant supply growth.

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.