Further evidence that the hotel industry in Asia Pacific is picking
up faster than expected with a majority of Asia Pacific’s key markets
surpassing their 2019 levels in gross operating profit per available
room (GOPPAR), according to March 2023 figures from hotel data analyst,
Bali’s March GOPPAR reached US$52.92, which was 227.6% of the
pre-pandemic comparable. In February, the market reported GOPPAR at
US$41.90, which was 121% of the 2019 level.
New Delhi followed with a GOPPAR of US$82.40, which was 164.4% of the 2019 comparable.
Hong Kong is still lagging other key Asia Pacific leisure and
business hotel markets. While improved over February, Hong Kong’s GOPPAR
was just 76.1% of the 2019 comparable. This despite efforts by Hong
Kong to entice travellers with free air tickets and other giveaways.
Among other destinations Bangkok, Singapore, Sydney and Tokyo are each ahead of pre-pandemic GOPARR.
Beijing, which soared in January and February due to the impact of
the Chinese holiday period, slumped back below 2019 levels in March.