Travel Reservations - OrangeSmile Tours
Best destinations around the world - Travel Guide

Find the right hotel

Hotel Business News and Analytics
Important! This article is written by orangesmile.com editors and is protected by copyright law. The article can only be re-used with a direct link to www.orangesmile.com
All news:
 01 
 02 
 03 
 04 
 05 
 06 
 07 
 08 
 09 
 10 
 11 
 12 
 Latest 


Record RevPAR Level for Hotels in Hong Kong

News HVS has published its newest study about the Chinese hotel market, and it contains some very interesting information about the performance of hotels in Hong Kong. According to it, high-end accommodations in this city reached the highest level of RevPAR in the first quarter of 2012 – US$260. This is the best performance of Hong Kong accommodations on record.

It is reported that luxury hotels in Hong Kong have changed their strategy, moving from volume-focused strategy that was valid in 2011 to price-driven strategy. Thus, average occupancy fell a bit, decreasing by 2% to the total of 81%. However, there was still a strong demand for accommodations in the city, so hoteliers were able to increase their rates and apply some quite aggressive yield strategies. This helped the local hoteliers to reach highest record levels during each month of the first quarter of 2012.

March results were very positive. Hoteliers ended this month with the record average rate of US$336. High demand was also driven by Rugby Sevens event that attracted many international visitors. The first quarter features a tremendous increase of 13.6% comparing to the same period of the previous year. If the tendency persists, Hong Kong hoteliers will surely mark 2012 as one of best years in their history.

29.06.2012

Previous article / Back to news index

Stay in touch with the latest news of a worldwide hotel industry. All up-to-date analytics, news, and reports about hotel business trends on OrangeSmile.com.

Our travel services
 Car Rental
Car Hire Worldwide
 News in languages
English 
Deutsch 
Nederlands 
French 
Russian
 Top 20 destinations
Bangkok
470 hotels
Budapest
322 hotels
Edmonton
42 hotels
Hong Kong
132 hotels
Las Vegas
146 hotels
Melbourne
195 hotels
Oxford
47 hotels
Rimini
191 hotels
Sofia
111 hotels
Vilamoura
39 hotels