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STR: Asia Pacific hotel performance for November 2017

December 23, 2017 Hotel Trends No Comments Email Email

Hotels in the Asia Pacific region reported positive year-over-year results in the three key performance metrics during November 2017, according to data from STR.http://www.tourismthailand.org/landing/landing_en.html

U.S. dollar constant currency, November 2017 vs. November 2016

Asia Pacific

  • Occupancy: +3.9% to 74.6%
  • Average daily rate (ADR): +2.8% to US$103.05
  • Revenue per available room (RevPAR): +6.8% to US$76.87

Local currency, November 2017 vs. November 2016

Thailand reported the highest RevPAR growth in the region (+16.6%). The absolute RevPAR level (THB2,973.29) was the highest RevPAR for any November on record in the country.

Indonesia was affected by the eruption of Mount Agung, resulting in a 2.2% decline in RevPAR. Occupancy in Bali fell 7.4%, which caused RevPAR to decline 8.3% for the month.

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