According to data from STR, hotels in the Asia
Pacific region posted growth across the three key performance
metrics during Q2 2018.
In U.S. dollar constant currency, Q2 2018 vs. Q2
2017, hotels in Asia Pacific reported an 1.0% increase in
Occupancy to 70.4%, ADR grew by 3.1% to US$105.00 and RevPAR was
up 4.1% to US$73.95.
In local currency, Q2 2018 vs. Q2 2017, hotels
in Australia reported a rise of 1.3% in Occupancy to 73.2%, ADR
increased by 1.5% to AUD178.57 and RevPAR grew by 2.8% to
The 73.2% absolute occupancy level was the
highest for any Q2 on record in the country. That came even with
2.1% more room nights available compared with Q2 2017. STR
analysts point to the overall health of the Australian hotel
industry in absorbing that new supply. The Gold Coast, host of the XXI
Commonwealth Games in April, was the standout market with RevPAR
up 24.2% to AUD138.38 for the quarter. Performance growth was
stronger outside of the capital markets as supply growth had a
greater effect on RevPAR comparisons in Perth (-4.5% to AUD
112.99), Sydney (-2.1% to AUD174.70) and Hobart (-0.7% at
AUD125.45). However, in absolute values, Sydney remained the top
performer in the country.
Hotels in Indonesia reported a rise in Occupancy
of 2.5% to 60.6%, ADR was up 3.5% to IDR1,039,439.08, and RevPAR
jumped 6.1% to IDR629,692.74.
The 60.6% absolute occupancy level was the best
for a Q2 in Indonesia since 2014. STR analysts note that
performance increases were seen in Bali (+9.1%), Jakarta (+4.1%),
Surabaya (+7.4%) and Yogyakarta (+8.7%). In June specifically,
Bali’s RevPAR grew 15.9% to ID1,217,727.89 with demand lifted by
Eid al-Fitr and the school holiday.
Hotels in Singapore saw Occupancy grow by 2.9%
to 81.3%, ADR inched slightly higher by 0.9% to SGD263.58 and
RevPAR was up 3.8% to SGD214.39.
Even with significant supply growth (+4.5%),
Singapore’s 81.3% occupancy level was the highest for a Q2 in the
country since 2013. June was the strongest month of the quarter
with RevPAR up 6.9% to SGD216.96. The
country’s demand was boosted by the North Korea-U.S. Summit on 12
June. Hotels in the Orchard Area, specifically, reported high ADR
premiums and three consecutive days with double-digit RevPAR
growth from 10-12 June.
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