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APAC hotels deliver weaker performance in Q2

Hotels in the Asia-Pacific region reported negative results across the three key performance metrics during 2Q2019, new market data has shown.

According to STR analysts who sample more than 65,000 hotels and 8.8 million hotel rooms around the globe, total occupancy in the region is down 1.0% to 69.1%. Meanwhile, the average daily rate (ADR) has dipped 0.7% to US$97.32, while the revenue per available room (RevPAR) has declined 1.6% to US$67.25.

Jakarta, Indonesia
STR analysts note that the Indonesian general election period in April and May protests and riots had only a limited impact on quarterly performance. Due to the Ramadan calendar shift, May was the worst-performing RevPAR month of the quarter (-17.3%), whereas June produced significant RevPAR growth (+25.3%).

Manila, Philippines
Although occupancy fell slightly due to supply growth (+4.6%), strong demand (+3.5%) helped hoteliers push room rates. According to the Philippines Department of Tourism, the country saw a 9.8% increase in international arrivals during the first five months of 2019.

Additionally, STR analysts note that the Tourism Promotions Board Philippines picked Metro Manila as a MICE location, which will help boost performance levels.

 

Source: http://www.ttgasia.com/2019/07/26/apac-hotels-deliver-weaker-performance-in-q2-str/