# APAC hotel occupancy remains below pre-pandemic levels

- **Source:** Real Estate Asia
- **Published:** 2026-10-13T00:00:00.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/commercial-hotel/news/apac-hotel-occupancy-remains-below-pre-pandemic-levels
- **Topics:** Government & Policy, Regional Markets

## Featured rationale

The uneven recovery signals constrained regional travel demand, but stronger average daily rates may continue supporting hotel revenues and operating performance despite limited occupancy gains.

## AI summary

Most Asia Pacific hotel markets remain below pre-pandemic occupancy, although Korea and Vietnam recorded respective year-on-year gains of 7% and 8% as of July year to date.

## Original article

But Korea and Vietnam are notable exceptions.

Hotel occupancy across most Asia Pacific markets has yet to fully recover to pre-pandemic levels, although performance remains positive as rising average daily rates support growth in revenue per available room, according to CBRE.

CBRE said Korea and Vietnam are notable exceptions, with double-digit growth in visitor arrivals lifting occupancy by 7% and 8% year on year, respectively, as of July year to date. India is also recording rising occupancy, with high international airfares encouraging more travellers to opt for domestic trips and supporting hotel demand.

In Hong Kong SAR, occupancy remained below pre-pandemic levels but increased 3% year on year as of July year to date. CBRE said the conversion of some upper-midscale hotels into student accommodation has helped ease pressure on hotel occupancy.

Japan has seen a slight decline in occupancy following a modest drop in visitor arrivals, although performance varies significantly by market. Osaka has experienced the sharpest decline, partly reflecting the high comparison base created by the 2025 Expo, while nearby Kyoto has also recorded a decrease. Occupancy in Tokyo, Kyushu and Hokkaido has remained broadly flat or edged higher, according to CBRE.

Looking ahead, CBRE expects further occupancy gains to be constrained by limited flight capacity amid elevated fuel costs. This is likely to encourage travellers to choose domestic holidays or lower-cost alternative destinations.

Despite the uneven occupancy recovery, CBRE said overall hotel performance remains positive. RevPAR is rising across most Asia Pacific markets, primarily driven by stronger average daily rates (ADR), providing support for hotel operating performance even where occupancy has not fully recovered.

## Chinese translation

> Translation model: grok_cli

### 亚太酒店入住率仍低于疫情前水平

大多数亚太市场的酒店入住率尚未完全恢复至疫情前水平，不过随着日均上升，表现仍保持积极

但韩国和越南是明显的例外。

据CBRE称，大多数亚太市场的酒店入住率尚未完全恢复至疫情前水平，不过表现仍保持积极，因为平均每日房价上升支撑了每间可售房收入的增长。

CBRE表示，韩国和越南是明显的例外。截至7月年初至今，访客入境量录得两位数增长，分别将入住率同比提升7%和8%。印度的入住率也在上升，高昂的国际机票价格促使更多旅客选择国内出行，从而支撑酒店需求。

在香港特别行政区，入住率仍低于疫情前水平，但截至7月年初至今同比上升3%。CBRE表示，部分中高档酒店改造为学生住宿，有助于缓解酒店入住率压力。

日本在访客入境量温和下降后，入住率略有下滑，不过各市场表现差异显著。大阪跌幅最大，部分反映了2025年世博会形成的高比较基数，邻近的京都也录得下降。据CBRE称，东京、九州和北海道的入住率大体持平或略有上升。

展望未来，CBRE预计，在燃油成本高企、航班运力有限的情况下，入住率进一步上升将受到制约。这可能会促使旅客选择国内度假或成本更低的替代目的地。

尽管入住率复苏并不均衡，CBRE表示整体酒店表现仍然积极。大多数亚太市场的每间可售房收入（RevPAR）正在上升，主要由更强劲的平均每日房价（ADR）推动，即便在入住率尚未完全恢复之处，也能为酒店经营表现提供支撑。