Real Estate
Home›Real Estate›Residential›Hong Kong luxury hotel rates top 2018 levels as demand…
Hong Kong luxury hotel rates top 2018 levels as demand rebounds
Jones Lang LaSalle says luxury hotels logged HK$2,169 ADR in 2025, while the overall market averaged HK$1,263, down 8% from 2018.
Hong Kong’s luxury hotels have outperformed the wider hospitality market as demand continues to recover, according to a report by global property consultancy Jones Lang LaSalle, which cited official tourism data. The consultancy said high-end properties were the only segment to return to 2018 average daily rate levels in 2025, with ADR at HK$2,169, about US$277.
In contrast, the city’s overall hotel market ADR stood at HK$1,263 in 2025, down 8% from 2018, the figures showed. JLL also found that luxury rates rose only 1% versus pre-2019 levels but still exceeded 2018 due to the broader market lag.
Colliers’ figures, also included in the reporting, suggested the outperformance continued into 2026’s first quarter, with luxury ADR up 12.3% to HK$2,452. Non-luxury segments, by comparison, were reported to be up between 7% and 8.7% year over year.
JLL said the luxury segment was a relative winner because its 2025 trading recovery was stronger than the broader hotel market, linking the shift to improving mainland Chinese, long-haul, corporate, and event-related demand alongside constrained supply that helped luxury hotels rebuild occupancy while retaining pricing power.