LONDON, 29 April 2019: Two of Southeast Asia’s premier beach resorts have contrasting outcomes in the latest STR performance report.
Bali’s performance lifts off powered by strong inbound visits, while Thailand’s Phuket experiences the lowest Q1 occupancy since 2015
STR measures hotel performances using three key metrics; occupancies, average daily rate and revenue per available room for the first quarter of the year.
Based on US dollar constant currency the Q1 2019 performance for the Asia Pacific saw occupancy decline by 1.3% to 67.4%, the average daily rate was down 0.9% to USD103.63 and revenue per available room (RevPAR) slipped by 2.2% to USD69.81
Based on local currency comparisons, Bali, Indonesia saw occupancy improve by 0.1% to 60.6%, ADR improved 14.3% to IDR1,439,349.34 and RevPAR: improved 14.4% to IDR871,828.26.
STR analysts noted that the strong comparison with Q1 2018 was due primarily to low performance in January 2018 caused by the Mount Agung eruption. During the first two months of 2019, Bali welcomed more than 890,000 international visitors (+10.2%), according to the Bureau of Statistics in Bali.
In contrast, Phuket saw declines. The Thai island’s occupancy dipped 7% to 84.5%, ADR was down 5.7% to THB5,098.74 and RevPAR sank 12.3% to THB4,310.34.
The occupancy level was the lowest for any Q1 in Phuket since 2015. STR analysts partially attribute the drop in performance during the market’s high season to a continued lack of visitors from Mainland China as well as the general elections held in March.
STR’s sample comprises more than 64,000 hotels and nearly 8.7 million hotel rooms worldwide.
