Hotels in South Korea saw hotel performance metrics rise from March levels, but remain the lowest for April on record in the country. Credit: Getty Images
SINGAPORE - Asia Pacific hotels have reported record lows across three key performance indicators in April as the impact of the COVID-19 pandemic deepened, according to STR, which provides data insights on the hospitality industry.
Hotel performance, which is often measured against occupancy, average daily rate (ADR) and revenue per available room (RevPAR), sank in April to the lowest levels for any month on record in the region.
Occupancy stood at 28%, a drop of 60.3% compared to April 2019. Hotels recorded an ADR of US$54.97, which is nearly half (-44.8%) of the figure last year while RevPAR fell to US$15.38, a 78.1% drop.
While hotels in South Korea saw performance rise from March levels, all three metrics remain the lowest for any April on record in the country. Occupancy stood at 20% (a drop of 70.8%) compared to April 2019, while average daily rate was 112,897.83 won (US$91.39) and RevPAR to 22,536.18 won.
Major cities Incheon and Seoul saw occupancy fall to 18.8%, representing a 75.2% year-over-year decrease.
The absolute occupancy, ADR and RevPAR levels were the lowest for any month in STR's Australia database. Among key markets, Melbourne and Sydney saw year-over-year occupancy declines of 65.0% and 73.7%, respectively.
Returning travellers are predominantly keeping occupancy up, such as in cities like Adelaide, where year-over-year occupancy declines eased slightly during April up to 13 May due to returning travellers from India.