STR’s global “bubble chart” update through 18 March 2023 shows growing momentum in the Asia Pacific region and more than half of markets globally with better than 20% growth in revenue per available room (RevPAR) versus 2019.
Among all countries with room supply of more than 50,000 rooms, Israel, Switzerland, Singapore, the Dominican Republican and New Zealand led in RevPAR on an actual basis. That put Singapore in the top RevPAR spot for two consecutive running 28-day periods. Singapore was also one of the leaders in occupancy along with two other Asia Pacific countries—Thailand and New Zealand.
