LONDON – The hotel industry in the Asia Pacific region reported mostly positive results in the three key performance metrics during the first quarter of 2017, according to data from STR.
U.S. dollar constant currency, Q1 2017 vs. Q1 2016
Occupancy: +3.3% to 68.3%
Average daily rate (ADR): -0.3% to US$104.00
Revenue per available room (RevPAR): +3.0% to US$71.04
Local currency, Q1 2017 vs. Q1 2016
Occupancy: +4.1% to 57.0%
ADR: +0.2% to IDR1,015,410.47
RevPAR: +4.3% to IDR578,716.49
Indonesia’s hotel industry experienced a slight performance rebound after a […]Read more
BANGKOK – Best Western Hotels & Resorts has unveiled its first ever property in Manado, the scuba diving and snorkeling paradise on the northern tip of Sulawesi, Indonesia.
The new Best Western The Lagoon Hotel opened its doors on April 1, 2017. The hotel overlooks the beautiful Bay of Manado and island of Manado Tua, and is surrounded by lush, jungle-clad hills.
It is also close to Manado’s main commercial and entertainment areas and is just a 45 minute drive from the city’s […]Read more
The Statistics Office for the Province of Bali reports that tourism arrivals for the month of February 2017 totaled 453,985 comprised of 447,762 arriving by air and the remaining 6,233 by sea.
On a month-on-month basis, arrivals in February 2017 increased 20.82% as compared to the same month one year before.
Total Tourist arrivals from all foreign sources for January-February 2017, hit 914,809 increasing 25.95% over the same period the previous year.
If Bali sustains this rate through the end of 2017 total […]Read more
A member of the management board of the Bali Tourism Industry Association (GIPI-Bali), Bagus Sudibya, told Bisnis Bali that the number of hotel rooms for sale in Bali is far outstripping the number of tourism arrivals.
This oversupply of hotel rooms has resulted in low occupancies, says Sudibya.
The GIPI-Bali official explained that Bali has an estimated supply of 125,000 rooms. Continuing, he extrapolated that if this total is multiplied by 365 days, Bali has a resulting annual inventory of 45.625 million […]Read more
SINGAPORE: US restaurant chain Hooters is aiming for a bigger share of the food and beverage market in Asia and to do so, it is willing to adapt to the tastes and demands of the region.
Led by Bangkok-based franchisee Destination Group, the ambitious expansion plan will see more than 30 new Hooters restaurants across Asia over the next few years. This year, it has unveiled two outlets in Singapore and one in Jakarta. This adds to the four restaurants in […]Read more