# Vietnam and Korea lead APAC hotel performance in H1 2026 - **Source:** Real Estate Asia - **Published:** 2026-09-25T03:05:19.000Z - **Author:** Staff Reporter - **Original:** https://realestateasia.com/commercial-hotel/news/vietnam-and-korea-lead-apac-hotel-performance-in-h1-2026 - **Topics:** Regional Markets ## Featured rationale The results signal resilient tourism demand and hotel pricing power, which may support room rates and investment sentiment despite constrained air capacity and uneven source-market recovery. ## AI summary Vietnam led APAC hotel performance in H1 2026 as arrivals rose 15 per cent, while Korea posted the region’s fastest arrivals growth at 19 per cent. ## Original article Hotel performance remained resilient despite flight capacity constraints. Hotels across most Asia Pacific markets recorded year-on-year growth in revenue per available room (RevPAR) in the first half of 2026, despite constraints on occupancy from lower flight capacity and higher fuel costs, according to CBRE. The property consultancy said hotels have largely offset softer occupancy growth by adjusting pricing strategies. Its January forecast had anticipated slower tourism growth in 2026 as arrivals approached pre-pandemic levels in 2025, while a full recovery in mainland Chinese outbound travel remained dependent on domestic economic conditions. Vietnam recorded the strongest hotel performance in the region in H1 2026, CBRE said. Tourist arrivals rose 15 per cent year-on-year, supported by relaxed visa policies and expanded air connectivity, driving gains in both average daily rate (ADR) and occupancy. Korea also recorded strong tourism growth, with arrivals increasing 19 per cent year-on-year, the highest growth in the region. CBRE attributed this to the continued popularity of the Korean Wave and a weaker won, which has made hotels more affordable for international visitors. ADR rose 11.6 per cent year-on-year. In Hong Kong SAR, ADR increased 9.5 per cent year-on-year, supported by a series of major MICE, cultural and sporting events, alongside limited new hotel supply. Australia's ADR continued to rise despite already reaching a historical high, while occupancy remained stable, according to CBRE. Singapore also recorded resilient hotel performance, with its MICE events economy supporting growth in both ADR and occupancy. Japan saw tourist arrivals edge down 1 per cent year-on-year, mainly due to fewer visitors from mainland China. CBRE said this was largely offset by increased arrivals from Taiwan and Korea, as well as stronger long-haul demand from the US and Europe. Higher spending power among these visitors helped support ADR growth. Thailand's hotel performance was broadly flat year-on-year in the first half, as a steady recovery in mainland Chinese visitors offset weaker arrivals from long-haul markets, CBRE said. Overall, CBRE expects hotel performance across the region to remain influenced by the balance between tourism demand, air capacity, pricing power and the pace of recovery in key source markets. ## Chinese translation > Translation model: openai_codex_cli ### 越南和韩国领跑 2026 年上半年亚太酒店表现 尽管入住率受到航班运力下降和燃油成本上升的限制，2026 年上半年，大多数亚太市场的酒店每间可用客房收入（RevPAR）仍录得同比增长 尽管航班运力受限，酒店表现仍保持韧性。 据 CBRE 称，尽管入住率受到航班运力下降和燃油成本上升的限制，2026 年上半年，大多数亚太市场的酒店每间可用客房收入（RevPAR）仍录得同比增长。 这家房地产咨询公司表示，酒店大体上通过调整定价策略抵消了入住率增长较弱的影响。其 1 月预测曾预计，随着 2025 年入境游客接近疫情前水平，2026 年旅游增长将放缓，而中国内地出境游的全面复苏仍取决于国内经济状况。 CBRE 表示，越南在 2026 年上半年录得该地区最强劲的酒店表现。在放宽签证政策和航空连接扩展的支持下，游客入境人数同比增长 15%，推动平均每日房价（ADR）和入住率双双上升。 韩国也录得强劲的旅游增长，入境人数同比增长 19%，为该地区最高增幅。CBRE 将此归因于韩流持续受欢迎以及韩元走弱，后者使酒店对国际游客而言更具可负担性。ADR 同比上升 11.6%。 在中国香港特别行政区，受一系列大型 MICE、文化和体育活动以及新增酒店供应有限的支持，ADR 同比上升 9.5%。 据 CBRE 称，澳大利亚的 ADR 尽管已达到历史高位，但仍继续上升，而入住率保持稳定。 新加坡的酒店表现也保持韧性，其 MICE 活动经济支持 ADR 和入住率双双增长。 日本游客入境人数同比小幅下降 1%，主要由于来自中国内地的游客减少。CBRE 表示，这在很大程度上被来自台湾和韩国的入境人数增加，以及来自美国和欧洲的长途需求增强所抵消。这些游客较高的消费能力有助于支撑 ADR 增长。 CBRE 表示，泰国上半年酒店表现同比大致持平，因为中国内地游客的稳步复苏抵消了长途市场入境人数较弱的影响。 总体而言，CBRE 预计，该地区酒店表现将继续受到旅游需求、航空运力、定价能力以及主要客源市场复苏步伐之间平衡的影响。