Chart of the Day: Hotel occupancy rates rose 1.4ppt to 86.4% in July
This chart from OCBC Investment Research (OIR) shows that occupancy rates in the hotel sector picked up 1.4ppt to 86.4% YoY in July.
Meanwhile, revenue per available room grew 3.2% to $188 as the average room rate increased 1.9% to $218
“Looking ahead, the ongoing geopolitical tensions arising from the US-Sino trade conflict may have a negative impact on corporate demand,” OIR noted.
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