STR releases latest hotel data

April 28, 2017 by  
Filed under Hospitality, News

LONDON, 28 April 2017: Hotels in Asia-Pacific saw average occupancy improve 3.3% to 68.3% during the first quarter of the year, according to data from STR.

STR said the hotel industry in the Asia Pacific region reported mostly positive results across three key performance metrics during the first quarter of 2017.

The data measures average occupancy; average daily rate and revenue per available room.

Based on US dollar constant currency, Q1 2017 versus Q1 2016, hotels in the region saw occupancy improve 3.3% to 68.3% during the first quarter of the year.

Average daily rate (ADR) declined marginally by 0.3% to USD104.00

Revenue per available room (RevPAR) improved 3.0% to USD71.04.

In local currency for the period Q1 2017 vs Q1 2016 STR report highlights focused on three Asian players.

Indonesia

Occupancy: +4.1% to 57.0%. ADR: +0.2% to IDR1,015,410.47. RevPAR: +4.3% to IDR578,716.49,

Indonesia’s hotel industry experienced a slight performance rebound after a 4.1% RevPAR decline for total-year 2016.

Occupancy was the main performance driver during the quarter, as demand growth (+8.3%) doubled the rate of supply growth (+4.1%). STR analysts note that the visit from Saudi Arabia’s King Salman in early March boosted group business (bookings of 10 or more rooms per night), especially in Jakarta and Bali.

Malaysia

Occupancy: +2.2% to 65.3%. ADR: +4.8% to MYR373.74. RevPAR: +7.2% to MYR244.04.

Malaysia’s hotels benefitted from several factors, including the Chinese New Year festival (28 to 29 January) and the Langkawi International Maritime and Aerospace Exhibition (21 to 25 March).

The Easter calendar shift from March 2016 to April 2017 also helped performance growth. Demand increased 5.1% for the quarter, outpacing 2.9% supply growth.

Maldives

Occupancy: -1.0% to 69.0%. ADR: +2.3% to MVR13,044.63.

RevPAR: +1.3% to MVR9,000.17.

RevPAR growth was moderate in Maldives despite a 10.3% increase in January. Helped by the Spring Festival Golden Week holiday, the market saw a 32.0% rise in arrivals from Mainland China, according to January figures from the Maldives Ministry of Tourism. RevPAR growth for the quarter became muted with declines in both February (-3.8%) and March (-4.2%).

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