The Asia Pacific region has seen increasing challenges through the first seven months of 2021, with situation varying greatly by country. While India has been steadily recovering from its latest outbreak, Australia and Indonesia are now facing new restrictions.
Excerpt from STR
The Asia Pacific region has seen increasing challenges through the first seven months of 2021, with situation varying greatly by country.
While India has been steadily recovering from its latest outbreak, Australia and Indonesia are now facing new restrictions.
Mainland China, which was already at 2019 performance levels, has seen new cases arising and performance dipping. Southeast Asia has been mostly quiet, but there is hope in the Phuket Sandbox program, which allows vaccinated foreign tourists to enter the island without the same level of restrictions as those unvaccinated.
Although Asia Pacific has quite a way to go before the entire region is back to pre-pandemic levels, Northeast Asia, thanks to Mainland China, and Australia & Oceania, driven by Australia and New Zealand, are clearly ahead of 2020 levels but still only pacing at roughly half of their 2019 comparables.
For example, Northeast Asia’s occupancy came in at 50% in the first half of 2021. That was up from 2020 (36%) but substantially below 2019 (68%). Australia & Oceania is also behind the pace—53% in H1 2021, 45% in 2020 and 73% in 2019.
At the same time, during the first half of 2021, Central & South Asia a saw similar occupancy level as 2020, while Southeast Asia’s occupancy in H1 (35%) was slightly lower than 2020 levels (39%) and even further behind 2019 levels (66%).
India faced a challenging time in March-April, with cases increasing across the country. Since then, the country has seen a progressive approach to vaccinations in key markets across the country, and as a result, an increase in travelers—especially business demand. Whereas India’s first recovery demand was concentrated in leisure destinations such as Goa, heavily populated markets such as New Delhi and Mumbai have recently seen an increase in demand reaching more than 50% occupancy levels.
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