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Compared with August 2015, the Asia Pacific region reported a 1.2% increase in occupancy to 73.3%. However, average daily rate (ADR) dropped 2.0% to US$98.38, and revenue per available room (RevPAR) dipped 0.8% to US$72.11.
Performance of featured countries for August 2016 (local currency, year-over-year comparisons):
Japan reported mostly negative results with a 1.8% decrease in occupancy to 85.5%, nearly flat ADR (+0.1% to JPY16,628.87) and a 1.7% decline in RevPAR to JPY14,223.98. Japan has experienced seven consecutive months with year-over-year decreases in occupancy. When looking at individual segments, the Luxury (-4.9%) and Upper Upscale (-3.9%) classes saw the largest occupancy decreases, while Midscale and Economy (+1.1%) reported the only increase.
Malaysia recorded positive results across the three metrics. Occupancy in the country rose 1.1% to 73.2%; ADR increased 5.1% to MYR384.40; and RevPAR grew 6.3% to MYR281.42. The absolute RevPAR figure was the highest in Malaysia since July 2011. According to Tourism Malaysia, the country saw a 3.7% increase in tourist arrivals during the first half of 2016. The boost in tourism is reflected in an 8.2% year-to-date demand increase for Malaysia’s hotel industry.
Thailand posted positive results in each of the three metrics: occupancy (+4.9% to 79.8%), ADR (+2.1% to THB3,351.48) and RevPAR (+7.1% to THB2,673.59). STR analysts note that the bombings in Hua Hin temporarily hurt performance in that market, but overall demand for the country increased 7.1% during the month.
Performance of featured markets for August 2016 (local currency, year-over-year comparisons):
Bali, Indonesia, experienced an 8.1% rise in occupancy to 78.7%. However, a 9.3% drop in ADR to IDR1,627,551.11 dragged RevPAR down 1.9% to IDR1,280,476.30. The Bali Tourism Board reported a 43.9% increase in tourist arrivals to the market through July. Hotel demand in the country is up 14.3% year to date, while supply has grown 3.7%.
Ho Chi Minh City, Vietnam, saw double-digit growth in occupancy (+14.8% to 68.0%) and RevPAR (+20.8% to VND1,720,550.88). ADR in the market was up 5.2% to VND2,528,871.62. Vietnam welcomed an estimated 899,738 international visitors in August (+134.4% year over year), according to the Vietnam National Administration of Tourism. STR analysts note that the market’s performance was dominated by the Luxury and Upper Upscale segment (RevPAR +22.3%).
Delhi-National Capital Region, India, posted growth in each of the three metrics: occupancy (+7.2% to 61.5%), ADR (+1.4% to INR5,376.14) and RevPAR (+8.7% to INR3,304.09). According to the Ministry of Tourism, India posted an 11.8% increase in foreign tourist arrivals in August. Among the top 15 ports of entry in the country, Delhi Airport maintained the largest share of those arrivals (28.4%). The Upscale and Upper Midscale segment reported the month’s top performance (RevPAR +11.7%) in Delhi-NCR.
The post Asia Pacific hotels report mixed performance numbers in August appeared first on Hotel Management.
Source: hotelmanagement.com.au