Published on : Saturday, August 12, 2017
Hong Kong, an autonomous territory of People’s Republic of China on River Pearl Delta, has recorded an average occupancy of 89.1% in July 2017, up 3.1% compared to the same month last year.
This followed a 6.6 percent increase in demand for rooms in Hong Kong, which is partially being driven by a rebound in visitation from mainland China.
This rising of hotel demand is also enabling hoteliers to increase their rates. The average daily rate of Hong Kong (ADR) climbed 6.1% to HK$1,213.87 (approx. US$155) in July, while revenue per available room (revPAR) jumped 9.4% to HK$1,081.14.
These figures significantly exceed the Asia Pacific averages of 69.1% occupancy and US$100 ADR for the first six months of 2017.
The statistics from the Hong Kong Tourism Board revealed that the visitor arrivals from mainland China has increased 2.3 percent in the first half of the year, following a downturn in 2016.