The latest update during 4 weeks ending 18 March 2023 of STR showed that more than half of the global hotel markets achieved the RevPAR growth of more than 20% versus 2019. Just 44% of the markets saw an occupancy gain versus 2019, while 91% reported an increase in ADR. Therein, Singapore was one of the leaders in both RevPAR and OCC, while two other Asia Pacific countries, Thailand and New Zealand, were put in the top OCC spots. Among the eight countries globally where RevPAR fell behind 2019 levels, only two were from Asia Pacific, including Vietnam which reported RevPAR 25% below the pre-pandemic comparable. This means the region has finally come out from the shadow of the pandemic with more growth expected.