Hotels in Asia Pacific Report May 2020 Decrease in ADR, OR and RevPAR

According to data from STR, the Asia Pacific hotel industry continued to report monthly lows in the three key performance metrics for May 2020.

In U.S. dollar constant currency, May 2020 vs. May 2019, OR was down -47.3% to 35.8%, ADR decreased -40.2% to US$55.93 and RevPAR plummeted -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 local currency, May 2020 vs. May 2019, hotels in mainland China reported a decrease in OR of -33.7% to 45.2%, ADR was down -24.5% to CNY342.78 and RevPAR fell -50% to CNY155.03.

Each of the three key performance metrics were up from April, but ADR remained the lowest for any May on record in the country. Occupancy and RevPAR were the lowest since the SARS outbreak in 2003.

In local currency, May 2020 vs. May 2019, hotels in Singapore reported an -8.8% decline in OR to 71.5%, ADR fell -62.5% to SGD95.44 and RevPAR dropped -65.8% to SGD68.20.

Even though Singapore maintained the world’s highest occupancy level, its absolute ADR was the lowest for any month in the country’s database. As a result of lower room rates, the RevPAR level was the lowest for any May since 2003.

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