India’s hotel occupancy peaks

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LONDON, 28 May 2018: Hotels in the Asia-Pacific region reported growth across three key performance metrics during April 2018, according to data from STR.

Based on USD constant currency comparisons for April 2018, over the same month in 2017, the region’s hotel’s occupancy averaged 73.2%, an improvement of 1.5%.

Average daily rate improved 3.2% to USD110.37, while revenue per available room (RevPAR) improved 4.7% to USD80.77

STR provided individual country performance indicators based on local currency for April compared with April 2017.

India
Occupancy improved 2.0% to 67.0%.
Average daily rate (ADR improved 4.4% to INR5,734.42.
Revenue per available room (RevPAR) improved 6.5% to INR3,844.59.

STR analysts noted that absolute occupancy and RevPAR levels were the highest for an April in India since 2008, while the absolute ADR level was the highest for the month since 2012.

Performance growth was possible because strong demand (+5.4%) outweighed significant supply growth (+3.3%) for the month.

During the last year, India has opened more than 8,700 rooms, ranking third in the Asia Pacific region for room openings.

Malaysia
Occupancy improved 1.0% to 66.6%.
Average daily rate (ADR declined 3.4% to MYR346.14.
Revenue per available room (RevPAR) declined 4.4% to MYR230.39.

According to STR analysts, Malaysia’s hotel performance was affected by a comparison with the month of the Langkawi Rugby Sevens in 2017.

Less event business in Langkawi during April 2018 resulted in a 17.9% decline in RevPAR in the market.

New Zealand
Occupancy was down 0.4% to 81.3%.
Average daily rate (ADR) improved 0.5% to NZD184.20.
Revenue per available room (RevPAR) improved 0.1% to NZD149.76.

Helped by a lack of significant supply growth in the country, New Zealand has posted 58 consecutive months of RevPAR growth. In April specifically, Christchurch and Wellington boosted RevPAR performance with increases of 15.8% and 13.0%, respectively.