Hilton Reports 42% Uptick in Asia-Pacific RevPar for Latest Quarter
Photo Credit: Lobby of the Hilton Tokyo Odaiba. Hilton
Skift Take
Hilton reported a solid earnings report yesterday and said full year APAC RevPAR was up 587% versus 2022. It also said Beijing, Tokyo and Kuala Lumpur were standout markets for them.
STR reported China hotel data for the week ended February. Hotel RevPAR in China for the week was up 8%. It was up against a +35.6% year over year comp. The Chinese New Year date was January 22nd in 2023 versus February 10th this year. In other words, the hotel data for January and February has to be combined to see the true comparison.
Hilton reported a solid earnings report yesterday. In terms of the Asia Pacific region, Hilton said Q4 RevPAR was up 41.6% year on year with the Greater China RevPAR up 72.8% on easy comps with 2022. Full year APAC RevPAR was up 587% versus 2022. Hilton said Beijing, Tokyo and Kuala Lumpur were standout markets for them. Hilton added 143 hotels in the region in 2023 with 45 opening in 4Q. Hilton is now over 760 hotels in APAC and is on course to exceed 1,000 by 2025 with a pipeline of 861 hotels.
The Pacific Asia Travel Association released their Executive Summary report for its latest forecasts for international visitor arrivals
