The Asia/Pacific region reported occupancy dropped 1.3% to 67.4% during the first quarter of 2019, while ADR fell 0.9% to $103.63 and RevPAR decreased 2.2% to $69.81.
LONDON—Hotels in the Asia Pacific region reported negative results across the three key performance metrics during Q1 2019, according to data from STR.
U.S. dollar constant currency, Q1 2019 vs. Q1 2018
- Occupancy: -1.3% to 67.4%
- Average daily rate (ADR): -0.9% to US$103.63
- Revenue per available room (RevPAR): -2.2% to US$69.81
Local currency, Q1 2019 vs. Q1 2018
- Occupancy: +0.1% to 60.6%
- ADR: +14.3% to IDR1,439,349.34
- RevPAR: +14.4% to IDR871,828.26
STR analysts note that the strong comparison with Q1 2018 was due primarily to low performance in January 2018 caused by the Mount Agung eruption. During the first two months of 2019, Bali welcomed more than 890,000 international visitors (+10.2%), according to the Bureau of Statistics in Bali.
- Occupancy: -7.0% to 84.5%
- ADR: -5.7% to THB5,098.74
- RevPAR: -12.3% to THB4,310.34
The occupancy level was the lowest for any Q1 in Phuket since 2015. STR analysts partially attribute the drop in performance during the market’s high season to a continued lack of visitors from Mainland China as well as the general elections held in March.
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