HotelsThe hotel industry in Asia Pacific continues to report monthly lows in the three key performance metrics for May 2020

Asia Pacific hotel performance in May shows uptick from April depths

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The absolute levels in each of the three KPIs were the lowest for any May on record in the region. Credit: mytrade1/Getty Images
The absolute levels in each of the three KPIs were the lowest for any May on record in the region. Credit: mytrade1/Getty Images

As the Covid-19 pandemic continues to roil the global hospitality sector, the Asia Pacific hotel industry reported monthly lows in the three key performance metrics during May 2020, according to data from STR.

Comparing May 2020 with the same month last year, occupancy fell 47.3% to 35.8% while average daily rate (ADR) dipped 40.2% to US$55.93.

Revenue per available room (RevPAR), meanwhile, plunged 68.5% to US$20.04.

The absolute levels in each of the three KPIs were the lowest for any May on record in the region, but were up from April levels.

In Mainland China, each of the three key performance metrics was up from April, but ADR – which declined 24.5% to RMB342.78 (US$48.42) – remained the lowest for any May on record in the country.

For May 2020 vs May 2019, occupancy (-33.7% to 45.2%) and RevPAR (-50.0% to CNY155.03) were the lowest since the SARS outbreak in 2003.

Elsewhere in the region, Singapore maintained the world’s highest occupancy level (-8.8% to 71.5%) in May 2020, but its absolute ADR – which dropped 62.5% to S$95.44 (US$68.61) – was the lowest for any month in the country’s database.

As a result of lower room rates, the RevPAR level (-65.8% to S$68.20) was the lowest for any May since 2003.

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