According to preliminary data from STR, Hong Kong hotel
occupancy hit an all-time low in August amid protests in the city.
Occupancy was down to 63.9%, the lowest percentage for Hong
Kong in any month in STR's database. The previous August, the city's hotel occupancy
was just over 90%.
Hong Kong's average daily rate was down 21% in August, and
revenue per available room (RevPAR) plummeted
According to Hong Kong Financial Secretary Paul Chan, arrivals
fell nearly 40% in August, compared with a 5% decline in July.
In mid-August, STR forecasted that Hong Kong's RevPAR would
decrease 19.3% in the third quarter. STR will release final August results
later this month.
Source: Business Travel News