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.