• Despite healthy visitor growth across Asia Pacific in Q1 2019, occupancy stood at around 70.3% for the 12 months ending July 2019, a decline of 0.4 percentage points.

 

  • Asia Pacific hotel performance weakened in the 12 months to July 2019, with RevPAR falling to US$70.54, equivalent to a 3.9% decline over the preceding period.

 

  • Transaction volume registered approximately US$10.9 billion in the 12 months to July 2019, a decline of 23% compared to the same period in 2018.

 

  • Although global tourism performance remains positive, weaker economic indicators coupled with trade conflict and other factors will continue to weigh on the global growth outlook and impact hotel performance in H2 2019.