Hotels in APAC Report Q2 Increase in ADR, OR and RevPAR


According to data compiled by STR, the Asia
Pacific hotel industry reported positive results in the three key
performance metrics during the second quarter of 2017.

In U.S. dollar constant currency, Q2 2017 vs. Q2 2016,
the Asia Pacific region reported a 3.1% increase in Occupancy to 70.1%,
an increase in ADR of 0.9% to US$97.39, and RevPAR jumped 4.1% to US$68.24.

In Australia, Occupancy fell by -0.2% to 72.7%
while ADR was up 1.8% to AUD176.61, and RevPAR increased 1.6% to AUD128.43.

STR analysts note that Australia’s demand growth (+1.5%) was
somewhat muted in comparison with previous quarters. That led to supply growth (+1.7%) factoring more prominently into overall
results. On a 12-month moving average, supply growth has reached 1.7%, which is the highest level in the country since 1999. At the
market level, the largest year-on-year supply increases came in
Perth (+9.8%) and Brisbane (+5.0%). In terms of performance,
Sydney led in absolute values with occupancy at 83.9% (+1.1%) and
ADR at AUD213.91 (+6.3%), and STR analysts believe the recently
re-opened Sydney International Convention Centre will further bolster the market’s demand, specifically in the MICE industry.


Lobby of the luxurious and historic Sofitel Legend Metropole Hanoi in Vietnam

In China, Occupancy increased by 4.8% to 69.5%, ADR
was up 0.6% to CNY522.78, and RevPAR increased by 5.5% to reach CNY363.23.

The absolute occupancy level
was the highest for a Q2 in China since 2006. Demand grew 8.1%
during what STR analysts categorize as a shoulder season in China
which precedes the country’s peak tourism months (July and
August). Demand growth was especially pronounced around the Labour
Day holiday. Among key market overall performance in China,
Hangzhou and Guangzhou led in RevPAR growth at +16.3% and +11.3%,
respectively.

In Vietnam, Occupancy jumped 9.1% to 70.6%, ADR
was up 4.2% to VND2,777,499.59 and RevPAR increased by 13.7% to
hit
VND1,961,341.99.

Performance in Vietnam continued to trend
upward, and the absolute occupancy level was the highest for a Q2
in the country since 2007. Demand was up 10.9% for the quarter,
mostly in the Transient segment (bookings of less than 10 rooms at
once), indicating further growth in business travel and free
independent travelers (FIT).

See other recent
news regarding
:

STR
,

ADR
,

RevPAR
.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *