Hopes for a 2020 rebound in hotel performance in Asia were all but dashed away by the emergence and spread of the coronavirus. While 2019 was already a down year, this year will likely outdo it. The hope now is for hotels across the region to reopen if shut, build back occupancy and inch by inch boost revenue while keeping a vigilant eye on expenses to achieve some semblance of normality.
A look back on 2019, shows some of the difficulty already plaguing the regions hotels on the top and bottom lines. The Asia Annual Hotel Performance Tracker 2020 includes:
- Monthly revenue and profit analysis across five major cities: Hong Kong, Shanghai, Tokyo, Bangkok and Seoul
- 2019 versus 2018 TRevPAR and GOPPAR year-over-year comparison
- Revenue contribution analysis by department
- Valuable estimates of what’s in store for 2020
HotStats provides a unique profit-and-loss benchmarking service to hoteliers from across the globe that enables monthly comparison of hotels’ performance against competitors. It is distinguished by the fact that it maintains in excess of 500 key performance metrics covering 70 areas of hotel revenue, cost, profit and statistics, providing far deeper insight into the hotel operation than any other tool. The HotStats database totals millions of hotel rooms worldwide. For more information, visit www.hotstats.com.