SINGAPORE, 25 July 2019: Hotels in the Asia Pacific region reported negative results during the second quarter of the year, according to the latest data from STR.
STR measures three key performance metrics; occupancy, average daily rate and RevPar at thousands of hotels across the region.
Based on US dollar constant currency for quarter two of this year compared with the same quarter in 2018 average occupancy in the Asia Pacific declined 1% to 69.9%
Average daily rate (ADR) declined 0.7% to USD97.32, while revenue per available room (RevPAR) fell 1.6% to USD67.25.
STR highlighted the performance of specific city markets in local currency during the second quarter.
Jakarta, Indonesia
Occupancy: -6.7% to 51.4%
ADR: +1.9% to IDR1,028,317.03
RevPAR: -4.9% to IDR528,620.82
STR analysts note that the Indonesian general election period in April and May protests and riots had only a limited impact on quarterly performance.
Due to the Ramadan calendar shift, May was the worst-performing RevPAR month of the quarter (-17.3%), whereas June produced significant RevPAR growth (+25.3%).
Manila, Philippines
Occupancy: -1.1% to 66.9%
ADR: +3.9% to PHP5,247.14
RevPAR: +2.8% to PHP3,510.40
Although occupancy fell slightly due to supply growth (+4.6%), strong demand (+3.5%) helped hoteliers push room rates.
According to the Philippines Department of
Tourism, the country saw a 9.8% increase in international arrivals during the
first five months of 2019.
STR analysts note that the Tourism Promotions Board
Philippines picked Metro Manila as a Meetings, Incentives, Conventions and Exhibitions
(MICE) location, which will help boost performance levels.
