Hong Kong reports strong YTD performance | STR Global
LONDON—Hong Kong's revenue per available room (RevPAR) grew 8.7 percent year-to-August (YTD) to HKD1,520.61, supported by buoyant occupancy levels that remained well above the 80-percent mark, according to STR Global, the leading provider of market information to the hotel industry. This RevPAR performance resulted from the highest occupancy and average daily rates (ADR) achieved for a January-to-August period since 2000. This is good news for hoteliers, particularly in the current economic environment, as more and more indicators point to a slowing of GDP growth globally and in China.