Average hotel occupancy in Asia Pacific recovers to 51%

Average hotel occupancy in Asia Pacific recovered to 51 percent in October 2020, according to CBRE. Most countries’ effective containment of the pandemic will lend support to a regional economic recovery in 2021. This is likely to encourage greater leisure and business-related domestic travel, leading to a slow but gradual recovery in hotel occupancy.

Hotel trading conditions will likely remain subdued in markets reliant upon international travel. Several travel bubbles across the region are being established and may lead to some cross-border tourism.

To read the full report, click here.