Hong Kong Hotel MarketView - H1 2018



• Visitor arrivals rose to 30.61 million in H1 2018, an increase of +10.1% y-o-y.
 Citywide occupancy rose by 400 bps to 91%, supported by growth in visitor arrivals and the lack of new hotel supply, with just 1,000 rooms added to the market.
 Room Nights Sold increased by +7.89% y-o-y while Room Nights Available (RNA) increased by +3.71% y-o-y.
 ​RevPAR performace was strong across different segments, with High Tariff A hotels recording growth of +10.7% y-o-y, High Tariff B +15.5% y-o-y and Medium Tariff +19% y-o-y.
 The Hong Kong tourism Board (HKTB) continues to work towards its 2017 Development Blueprint objectoves. These include developing new attractions and tourism products for a diversified portfolio of visitor source markets.
 Hotel investment activity weakended in H1 2018, with just a few small and medium sized assets changing hands, Several assets were up for sale but high prices deterred most investors.
 Strong hotel performance resulted in the stabilisation of yields.

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Edmond Wong
Director - CBRE Hotels, Valuation & Advisory Services, Hong Kong
O: +852 2820 2970
E: edmond.wong@cbrehotels.com​​​​