Hotels in the Asia Pacific region experienced a small increase in occupancy and revPAR in the first quarter of 2016, although rates remained flat.
According to the latest data from STR, the region’s occupancy climbed 1.7% to 66.6% in the first three months of the year, while average daily rate (ADR) dipped 0.2% to US$105.04 and revPAR rose 1.5% to US$69.93.
Vietnam saw a strong 10.3% increase in revPAR in Q1, to VND1.98 million (approx. US$88), as both occupancy and ADR improved. The country’s ADR of VND2.89m was also the highest on record in Vietnam for any quarter. And in Thailand, a 6.0% rise in revPAR, to THB3,459.55 (approx. US$93), was mainly driven by rising occupancy.
India experienced a 6.7% increase in revPAR, to INR4,190.92 (approx. US$63), mainly driven by occupancy, and in Singapore rising occupancy offset a dip in ADR, allowing revPAR to rise 1.0% to SG$238.16 (approx. US$176).
The region’s strongest growth was actually seen in French Polynesia, where double-digit occupancy and ADR growth pushed revPAR up 26.4% to XPF25,375.58 (approx. US$237).
In March 2016 alone, Asia Pacific’s occupancy climbed 2.0% to 69.6% and ADR remained fell 0.2% to US$102.94. This caused revPAR to increase 1.8% to US$71.68.
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