Global Travel Media » Blog Archive » STR: Asia Pacific hotel performance for August 2018

Home » Hotel Trends » Currently Reading:

STR: Asia Pacific hotel performance for August 2018

September 25, 2018 Hotel Trends No Comments Email Email


Hotels in the Asia Pacific region posted positive results across the three key performance metrics during August 2018, according to data from STR.http://www.itb-asia.com/press/media-services/accreditation/

U.S. dollar constant currency, August 2018 vs. August 2017

Asia Pacific

  • Occupancy: +1.0% to 75.7%
  • Average daily rate (ADR): +2.4% to US$109.06
  • Revenue per available room (RevPAR): +3.4% to US$82.53

Local currency, August 2018 vs. August 2017

Jakarta

  • Occupancy: +14.7% to 71.5%
  • ADR: +20.9% to IDR1,221,707.16
  • RevPAR: +38.7% to IDR 874,006.42

The absolute ADR and RevPAR levels were the highest for any month in STR’s Jakarta database. STR analysts note that the 2018 Asian Games, held 18 August through 2 September, drove a 16.2% increase in demand (room nights sold) in the market.

Tokyo

  • Occupancy: +1.9% to 86.5%
  • ADR: +5.2% to JPY18,186.92
  • RevPAR: +7.2% to JPY15,734.13

STR analysts note that inbound tourism helped push one of the highest-ever August occupancy levels in the market.  According to the Japan National Tourism Organization, Japan saw a 4.1% year-over-year increase in international visitors in August. In the latestMarket Forecast for Tokyo, STR analysts expect continued growth in RevPAR (+6.0%) in 2019 and 2020.



Comment on this Article:







Time limit is exhausted. Please reload CAPTCHA.

Platinium Partnership

ADVERTISEMENTS

Elite Partnership Sponsors

ADVERTISEMENTS

Premier Partnership Sponsors

ADVERTISEMENTS

Official Media Event Partner

ADVERTISEMENTS

Global travel media endorses the following travel Publication

ADVERTISEMENTS

GLOBAL TRAVEL MEDIA VIDEOS

ADVERTISEMENTS

%d bloggers like this:
%d bloggers like this:
sitemap