STR: Asia/Pacific hotel performance for Q1 2018
STR: Asia/Pacific hotel performance for Q1 2018
20 APRIL 2018 7:41 AM

The Asia/Pacific region reported occupancy rose 1.5% to 69% during the first quarter of 2018, while ADR increased 3% to $112.48 and RevPAR rose 4.5% to $77.59.

LONDON—Hotels in the Asia Pacific region registered growth across the three key performance metrics during Q1 2018, according to data from STR.

U.S. dollar constant currency, Q1 2018 vs. Q1 2017

Asia Pacific

• Occupancy: +1.5% to 69.0%
• Average daily rate (ADR): +3.0% to US$112.48
• Revenue per available room (RevPAR): +4.5% to US$77.59

Local currency, Q1 2018 vs. Q1 2017

Hong Kong

• Occupancy: +3.8% to 90.1%
• ADR: +10.7% to HKD1,482.02
• RevPAR: +14.9% to HKD1,335.10

This was the first Q1 in STR’s Hong Kong database with occupancy above 90%. According to STR analysts, performance momentum from 2017 extended into the first months of 2018 with strong demand, especially from Mainland China, generating more near-capacity occupancy nights and higher ADR premiums. Data from the Hong Kong Tourism Board showed a 9.9% increase in visitor arrivals during the first two months of 2018. Visitors from Mainland China accounted for 13.6% growth compared with the same two months in 2017.


• Occupancy: +7.6% to 76.7%
• ADR: +1.6% to MVR12,569.93
• RevPAR: +9.4% to MVR9,637.91

The absolute occupancy level was the highest for a Q1 in Maldives since 2014 thanks to the highest Q1 demand increase in the country (+10.6%) since 2010. According to the Ministry of Tourism, tourist arrivals to Maldives increased 17.0% from Q1 2017. Europeans represented the largest share of arrivals (56.8%) and most growth (+23.2%) compared with other world regions.


• Occupancy: +5.9% to 75.7%
• ADR: +5.5% to VND2,917,007.93
• RevPAR: +11.7% to VND2,208,814.66

Even with healthy supply growth (+4.3%), the absolute occupancy level was the highest for a Q1 in Vietnam since 2007. STR analysts cite strong tourism and foreign investment as reasons behind the hotel performance and inventory growth in the country. As of STR’s March Pipeline Report, Vietnam ranked third in the Asia Pacific region among countries with the most rooms in construction (20,633 rooms in 59 hotels). Strong demand has helped hoteliers maintain their pricing power during this time of supply growth.

Download STR's March 2018 global hotel review.

International Media Contacts:

Alex Anstett
Marketing & Communications
+44 (0)207 922 1979

Naureen Ahmed
Director of Marketing, Research & Analysis
+44 (0)207 922 1965

The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editor-in-Chief Stephanie Ricca at

No Comments

Comments that include blatant advertisements or links to products or company websites will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff.