Story of the day
In March 2023, total visitor arrivals recovered to 41.9% of pre-pandemic levels. Overnight travellers surpassed day trippers, in turn supporting a revival in the hotel sector.
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What does this mean for your portfolio?
While five-star hotels are showing stronger improvement than three-star hotels, we project hotels' overall RevPAR to be 40% higher in 2023 and to exceed 2019’s levels. Constrained new hotel supply also bodes well for pricing power of incumbent hotel operators.
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Top Hong Kong hospitality
In view of hotel RevPAR recovery, especially five-star hotels are favoured.
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