Asia Pacific hotel market sentiment remained upbeat in H2 2018 on the back of healthy tourism growth.
Regional hotel occupancy increased by 49 basis points y-o-y to 71% in 2018, supported by strong growth in international tourism arrivals.
ADR rose to US$104.5 in 2018, representing y-o-y growth of 2.8%. Combined with occupancy of 71%, this resulted in RevPAR growth of 3.3%, much higher than the 1.9% recorded in 2017, capping off a positive year for the regional hotel market.
Hotel transaction volume registered US$12.4 billion in 2018, a rise of 8.5% y-o-y. China, Japan, Australia, Hong Kong and Singapore all reported steady investment turnover amid robust demand from domestic and overseas investors.