Australia's Boutique Hotel Boom Continues
Skift Take
- China Hotel RevPAR: China Hotel RevPAR increased by 44% YoY for the week, but compared to the same week in 2019, it was down by -5.9%.
- Macau Hotel Occupancy: Macau's hotel occupancy rate in May rose by 44.6 percentage points YoY, reaching 78.9%. Three-star hotels had an 81% occupancy rate, while five-star hotels reached 79%.
- Boutique Hotel Market in Australia: Australia's boutique hotel market is experiencing growth due to a travel evolution sparked by the pandemic. Boutique properties outperformed international hotels in occupancy, ADR, and RevPAR, driven by domestic, leisure-based tourism.
STR reported China Hotel RevPAR data for the week ended June 24. China Hotel RevPAR was up 44% year over year for the week. When compared to that week in 2019, RevPAR was down -5.9%.
Macau’s hotel occupancy rate rose by 44.6 percentage points year over year in May to reach 78.9%. The occupancy rate of three-star hotels reached 81% and five-star hotels reached 79%. There were a total of 130 hotel establishments providing accommodation services in May, up 9 over the same month in 2022. The number of people staying in Macau hotels rose by 140% year on year to 1,104,000, up slightly from April. 793,000 were from Mainland China. The average daily rate for a five-star hotel room in May was MOP1,482.4 (US$183.8), 90% of the rate in May 2019. For the three- to five-star category, average rate was 96% of May 2019 at MOP1,317.1. Of the 1,104,000, 590,000 chose to stay in a five star hotel. The average occupancy rate for hotel establishments in Macau for the first five months of the year increased by 39.4 percentage points from the same period in 2022 to 76.7%. The total number of guests rose to 4,998,000.
CBRE Viewpoint said a travel evolution sparked by the pandemic is driving the growth of Australia’s boutique hotel market, amid heightened demand for unique and
