{"id":9851,"date":"2020-04-26T12:00:27","date_gmt":"2020-04-26T04:00:27","guid":{"rendered":"https:\/\/www.hdeexpo.com\/?p=9851"},"modified":"2021-09-09T18:26:13","modified_gmt":"2021-09-09T10:26:13","slug":"chinas-hotel-occupancy-rises-from-februarys-128-to-232-as-of-march","status":"publish","type":"post","link":"https:\/\/www.hdeexpo.com\/en\/chinas-hotel-occupancy-rises-from-februarys-128-to-232-as-of-march\/","title":{"rendered":"China\u2019s Hotel Occupancy Rises from February’s 12.8% to 23.2% as of March"},"content":{"rendered":"\t\t
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China\u2019s hotel occupancy rises from February’s 12.8% to 23.2% as of March<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Reflecting on the effects of the COVID-19 pandemic, the Asia Pacific hotel industry reported all-time lows in the three key performance metrics during March 2020, according to data from STR. The hotel occupancy rate was\u00a028.3% as of March 2020, a\u00a059.5% drop compared with last year. The ADR decreased by 17.6% to\u00a0US$80.82 and\u00a0RevPAR declined\u00a066.7% to\u00a0US$22.85.\u00a0<\/p>

Showing green shoots of recovery, China\u2019s absolute occupancy level was up from February’s 12.8%,\u00a0the lowest occupancy\u00a0on record, to 23.2% as of March. Key markets, Beijing and Shanghai, reported decreases in the metric of 78.7% and 73.7%, respectively. But the occupancy in March has decreased by 65.4% YoY.\u00a0China\u2019s ADR has dropped 35.4% YoY to\u00a0US$47,\u00a0remained lower than the February level of US$57.\u00a0RevPAR declined 77.6% YoY to\u00a0US$11, but\u00a0up slightly from that second month of the year (US$7.4).\u00a0<\/p>

Singapore’s hotel occupancy was\u00a038.3% in March, down 53.6% compared with last year. The ADR reported a\u00a019.1% drop to US$149. RevPAR declined\u00a062.4% to\u00a0US$57. The absolute occupancy and RevPAR levels were the lowest for any month in STR\u2019s Singapore database.\u00a0<\/p>

Read more.<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Source:<\/strong>\u00a0ChinaTravelNews<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

China\u2019s hotel occupancy rises from February’s 12.8% to 23.2% as of March Reflecting on the effects of the COVID-19 pandemic, the Asia Pacific hotel industry reported all-time lows in the three key performance metrics during March 2020, according to data from STR. The hotel occupancy rate was 28.3% as of March 2020, a 59.5% drop compared with … <\/p>\n

Continue reading “China\u2019s Hotel Occupancy Rises from February’s 12.8% to 23.2% as of March”<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":9744,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[109],"tags":[],"class_list":["post-9851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry_news","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.hdeexpo.com\/en\/wp-json\/wp\/v2\/posts\/9851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hdeexpo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hdeexpo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hdeexpo.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hdeexpo.com\/en\/wp-json\/wp\/v2\/comments?post=9851"}],"version-history":[{"count":8,"href":"https:\/\/www.hdeexpo.com\/en\/wp-json\/wp\/v2\/posts\/9851\/revisions"}],"predecessor-version":[{"id":10736,"href":"https:\/\/www.hdeexpo.com\/en\/wp-json\/wp\/v2\/posts\/9851\/revisions\/10736"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.hdeexpo.com\/en\/wp-json\/wp\/v2\/media\/9744"}],"wp:attachment":[{"href":"https:\/\/www.hdeexpo.com\/en\/wp-json\/wp\/v2\/media?parent=9851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hdeexpo.com\/en\/wp-json\/wp\/v2\/categories?post=9851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hdeexpo.com\/en\/wp-json\/wp\/v2\/tags?post=9851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}