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STR: Asia Pacific hotel performance for Q1 2019

April 29, 2019 Hotel Trends No Comments

Hotels in the Asia Pacific region reported negative results across the three key performance metrics during Q1 2019, according to data from STR.

U.S. dollar constant currency, Q1 2019 vs. Q1 2018

Asia Pacific

  • Occupancy: -1.3% to 67.4%
  • Average daily rate (ADR): -0.9% to US$103.63
  • Revenue per available room (RevPAR): -2.2% to US$69.81

Local currency, Q1 2019 vs. Q1 2018
Bali, Indonesia

  • Occupancy: +0.1% to 60.6%
  • ADR: +14.3% to IDR1,439,349.34
  • RevPAR: +14.4% to IDR871,828.26

STR analysts note that the strong comparison with Q1 2018 was due primarily to low performance in January 2018 caused by the Mount Agung eruption. During the first two months of 2019, Bali welcomed more than 890,000 international visitors (+10.2%), according to the Bureau of Statistics in Bali.

Phuket, Thailand

  • Occupancy: -7.0% to 84.5%
  • ADR: -5.7% to THB5,098.74
  • RevPAR: -12.3% to THB4,310.34

The occupancy level was the lowest for any Q1 in Phuket since 2015. STR analysts partially attribute the drop in performance during the market’s high season to a continued lack of visitors from Mainland China as well as the general elections held in March.

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