National RevPar declined 1.9% in 2019 as room supply growth is beginning to outstrup room demand growth in some markets, aggecting occupancy and resulting RevPar levels.
- Annual RevPAR
declined 1.9% to $137 for the year ending December 2019
- National occupancy
declined 0.9% to 73.9%
declined 1.0% to $186 for the year ending December 2019
all registered positive annual RevPAR growth for the year ending December 2019
- International visitor arrivals
reached a record high of 8.7m for the year ending September 2019, an increase of 2.5% on 2018
by domestic visitors in the year to September 2019 was $79.1bn, up 13.3% on 2018, whilst overnight spend by international visitors was $31.3bn, up 5.0% on 2018
- Hotel sales volume
for 2019 was ~$1.8bn
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Research Manager - CBRE Hotels
Head of Hotels Research