Jakarta posts record-breaking performance with a boost from the Asian Games; Tokyo performance levels helped by inbound tourism.
LONDON – Hotels in the Asia Pacific region posted positive results across the three key performance metrics during August 2018, according to data from STR.
U.S. dollar constant currency, August 2018 vs. August 2017
Asia Pacific
- Occupancy: +1.0% to 75.7%
- Average daily rate (ADR): +2.4% to US$109.06
- Revenue per available room (RevPAR): +3.4% to US$82.53
Local currency, August 2018 vs. August 2017
Jakarta
- Occupancy: +14.7% to 71.5%
- ADR: +20.9% to IDR1,221,707.16
- RevPAR: +38.7% to IDR 874,006.42
The absolute ADR and RevPAR levels were the highest for any month in STR’s Jakarta database. STR analysts note that the 2018 Asian Games, held 18 August through 2 September, drove a 16.2% increase in demand (room nights sold) in the market.
Tokyo
- Occupancy: +1.9% to 86.5%
- ADR: +5.2% to JPY18,186.92
- RevPAR: +7.2% to JPY15,734.13
STR analysts note that inbound tourism helped push one of the highest-ever August occupancy levels in the market. According to the Japan National Tourism Organization, Japan saw a 4.1% year-over-year increase in international visitors in August. In the latest Market Forecast for Tokyo, STR analysts expect continued growth in RevPAR (+6.0%) in 2019 and 2020.
Tatiana is the news co-ordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes to monitor the hundrends of news sources of TravelDailyNews Media Network and skim the most important according to our strategy. She holds a Bachelor degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.
