2019 was already a challenging year for hotels across Asia, as profit for the year fell 3.5% year-over-year. Then came the emergence and spread of COVID-19, which reared its head first in China and then across the region, and had a deleterious impact on hotel performance in February 2020. It will doubtlessly have a negative effect on the region for at least the near-term.
What led to the region’s negative performance? Download Profit Matters: Asia Annual Hotel Performance Tracker 2020 to learn about key data including:
Revenue and profit measures across five major cities
2019 versus 2018 TRevPAR and GOPPAR year-over-year comparison