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Wed, 25 May 2016

Hotels in Asia Pacific Report April 2016 Increase in ADR, OR and RevPAR

According to data compiled by STR, hotels in the Asia Pacific region recorded positive April 2016 results in the three key performance metrics when reported in U.S. dollar constant currency.

Compared with April 2015, the Asia Pacific region reported a 2.0% increase in occupancy to 70.5%, ADR was up 1.5% to US$102.34 and RevPAR rose 3.6% to US$72.13.

Performance of featured countries for April 2016 (local currency, year-on-year comparisons):

Japan experienced relatively flat occupancy performance (-0.6% to 83.3%), but a 14.2% rise in ADR to JPY16,636.63 drove a 13.6% lift in RevPAR to JPY13,865.39.

Malaysia posted double-digit increases in occupancy (+10.5% to 63.7%) and RevPAR (+10.9% to MYR217.94). ADR in the country remained steady (+0.4% to MYR342.08).

Maldives reported decreases across the three key performance metrics: occupancy (-6.1% to 62.3%), ADR (-12.2% to MVR11,133.03) and RevPAR (-17.5% to MVR6,936.19). According to the country’s Ministry of Tourism, the number of tourist arrivals from China decreased 10.8% during the first quarter of the year. China is Maldives’ largest tourism feeder country in 2016.

South Korea saw steady occupancy (+0.6% to 71.7%) but decreases in ADR (-3.2% to KRW171,421.72) and RevPAR (-2.7% to KRW122,905.24). The country’s demand was up 10.6% for the month, slightly outpacing a 10.0% increase in supply. The rise in demand follows a pattern of performance recovery that began late in 2015. Although ADR dropped year-on-year for the 19th consecutive month, it was the lowest such decrease during that time period.

Performance of featured markets for April 2016 (local currency, year-on-year comparisons):

Beijing, China, saw occupancy climb 3.4% to 76.4% as well as double-digit increases in ADR (+10.7% to CNY628.51) and RevPAR (+14.4% to CNY479.92).

Hong Kong reported increases across the three key performance metrics: occupancy (+4.1% to 87.0%), ADR (+3.8% to HK$1,503.72) and RevPAR (+8.0 to HK$1,307.69).

Jakarta, Indonesia, reported mostly flat occupancy (-0.3% to IDR1,090,717.09) but double-digit drops in ADR (-11.1% to IDR1,090717.09) and RevPAR (-11.4% to IDR677,603.85). Year-to-date supply growth (+6.2%) continues to outweigh demand (+2.7%), and hoteliers have lowered rates in an attempt to counter the imbalance.

Manila, Philippines, posted increases across the key performance metrics. Occupancy in the market increased 8.9% to 73.8%; ADR was up 1.9% to PHP5,570.73; and RevPAR rose 10.9% to PHP4,110.59. According to STR analysts, a shift in business travel from March is the reason behind a 13.2% demand increase in the market.

See other recent news regarding: STR, ADR, Pipeline, RevPAR

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