Hong Kong and Singapore will be the world’s best-performing hotel markets through to the end of 2012, STR Global has predicted. “The gains will be led mainly through increases in rate rather than occupancy.” STR is forecasting revenue per available room (RevPAR) growth for Hong Kong of 24.7% for the rest 2011, while it believes Singapore will lead the pack through 2012 with an increase in RevPAR of 9.6%.
However, STR warned “the difficult and relatively fast-changing changes in the broader economy could very well change the forecast with the next quarterly report”.
Top 10 Performers – year-end RevPAR % change in local currency
Source: STR Global