Asia Pacific hotel performance dips

Hotel occupancy in Asia Pacific averaged 67.6% in May
Hotel occupancy in Asia Pacific averaged 67.6% in May

Hotels in the Asia Pacific region suffered a slight drop in revPAR (revenue per available room) in May 2016.

According to the latest data from STR Global, the region’s revPAR slipped 1.7% last month, to US$64.57. This was mainly driven by falling rates, with Asia Pacific’s ADR down 1.8% US$95.50. Occupancy was almost flat (+0.1% to 67.6%).

Mainland China’s revPAR fell 4.8% to CNY334.35 (approx. US$51) in May, as ADR declined 4.6% to CNY507.58 and occupancy dipped 0.1% to 65.9%. In Indonesia however, revPAR was up 5.4% to IDR641,737 (approx. US$48), as a 7.2% rise in occupancy (to 64.5%) offset a 1.7% decline in ADR (to IDR995,520).

In Singapore, declining ADR led to a 1.2% drop in revPAR, to SG$221.05 (approx. US$165), and the Philippines saw a 3.3% revPAR decline, to PHP3,561.00 (approx. US$77), mainly caused by falling occupancy levels.

For the first five months of 2016, Asia Pacific’s occupancy has now risen 1.3% year-on-year to 67.5%, while ADR has dipped 0.3% to US$102.17. This has led to a slight 1.0% increase in revPAR, to US$68.94.

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