STR: Asia Pacific hotel performance for April 2018

STR

STR: Asia Pacific hotel performance for April 2018

STR: Asia Pacific hotel performance for April 2018

Key April takeaways:

  • India occupancy and RevPAR levels highest for an April since 2008
  • Malaysia performance down in comparison with month of Langkawi Rugby Sevens 2017
  • New Zealand posts RevPAR growth for the 58th month in a row

STR’s sample comprises 60,000 hotels and more than 8.1 million hotel rooms around the globe. Contact media@str.com for additional market data.

Hotels in the Asia Pacific region reported growth across the three key performance metrics during April 2018, according to data from STR.

U.S. dollar constant currency, April 2018 vs. April 2017

Asia Pacific

  • Occupancy: +1.5 percent to 73.2 percent
  • Average daily rate (ADR): +3.2 percent to US$110.37
  • Revenue per available room (RevPAR): +4.7 percent to US$80.77

Local currency, April 2018 vs. April 2017

India

  • Occupancy: +2.0 percent to 67.0 percent
  • Average daily rate (ADR): +4.4 percent to INR5,734.42
  • Revenue per available room (RevPAR): +6.5 percent to INR3,844.59

STR analysts note that the absolute occupancy and RevPAR levels were the highest for an April in India since 2008, while the absolute ADR level was the highest for the month since 2012. Performance growth was possible because strong demand (+5.4 percent) outweighed significant supply growth (+3.3 percent) for the month. During the last year, India has opened more than 8,700 rooms, ranking third in the Asia Pacific region for room openings. 

Malaysia

  • Occupancy: -1.0 percent to 66.6 percent
  • Average daily rate (ADR): -3.4 percent to MYR346.14
  • Revenue per available room (RevPAR): -4.4 percent to MYR230.39

According to STR analysts, Malaysia hotel performance was affected by a comparison with the month of the Langkawi Rugby Sevens in 2017. Less event busineess in Langkawi during April 2018 resulted in a 17.9 percent decline in RevPAR in the market. 

New Zealand

  • Occupancy: -0.4 percent to 81.3 percent
  • Average daily rate (ADR): +0.5 percent to NZD184.20
  • Revenue per available room (RevPAR): +0.1 percent to NZD149.76

Helped by a lack of significant supply growth in the country, New Zealand has posted 58 consecutive months of RevPAR growth. In April specifically, Christchurch and Wellington boosted RevPAR performance with increases of 15.8 percent and 13.0 percent, respectively.

Source = STR
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