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Good Performance for Asia Hotel Industry in Q1 2017

10/05/2017 Luc Citrinot 0

Bandung, Indonesia
According to first quarter 2017 data from hotel consulting cabinet STR, the hotel industry in Asia Pacific reported mostly positive results in the three key performance metrics. Occupancy and revenue per available room (RevPAR) were respectively up by 3.3 percent point to 68.3% and by 3% to US$71.04. However, the average daily rate (ADR) was slightly down at -0.3% reachin US$104.00, when calculated at US dollar constant currency.
Southeast Asia performed better than Asia hotel industry average. The occupancy rate reached 70.6% up by two percent points, while ADR moved up by 0.2% to reach US$116.57. RevPAR progressed by 2.1% to US$82.31.
STR published detailed information about two specific ASEAN markets, Indonesia and Malaysia with figures expressed in local currency.

Indonesia

  • 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 4.1% RevPAR decline for total-year 2016. Occupancy was the main performance driver during the quarter, as demand growth (+8.3%) doubled the rate of supply growth (+4.1%). STR analysts note that the visit from Saudi Arabia’s King Salman in early March boosted Group business (bookings of 10 or more rooms per night), especially in Jakarta and Bali.

Malaysia

  • Occupancy: +2.2% to 65.3%
  • ADR: +4.8% to MYR373.74
  • RevPAR: +7.2% to MYR244.04

Malaysia’s hotels benefited from several factors, including the Chinese New Year festival (28-29 January) and the Langkawi International Maritime and Aerospace Exhibition (21-25 March). The Easter calendar shift from March 2016 to April 2017 also helped performance growth. Demand increased 5.1% for the quarter, outpacing 2.9% supply growth.

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