- 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.
- 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.