STR: Asia Pacific hotel performance for Q1 2017

The results for the hotel industry in the Asia-Pacific region were mostly positive during the first quarter of 2017.

LONDON – The hotel industry in the Asia Pacific region reported mostly positive results in the three key performance metrics during the first quarter of 2017, according to data from STR.

U.S. dollar constant currency, Q1 2017 vs. Q1 2016

Asia Pacific

Occupancy: +3.3% to 68.3%
Average daily rate (ADR): -0.3% to US$104.00
Revenue per available room (RevPAR): +3.0% to US$71.04
Local currency, Q1 2017 vs. Q1 2016

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 (28-29 January) and the Langkawi International Maritime and Aerospace Exhibition (21-25 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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Vicky Karantzavelou

Co-Founder & Chief Editor - TravelDailyNews Media Network | + Articles

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales. She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.