Double-digit declines continue across Asia – STR Global
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Hotels in the Asia Pacific and Middle East/Africa regions experienced double-digit decreases in revenue per available room (revPAR) for June, according to STR Global. Year-on-year, the Asia Pacific region’s revPAR fell 25.3% to US$63, while the Middle East/Africa saw revPAR drop 14.2% to US$82.Among the key markets, Melbourne ended the month virtually flat in occupancy with a 0.7% decrease to 70.5%. Sydney and Brisbane also experienced minimal occupancy decreases. Tokyo experienced the largest average daily rate (ADR) increase, jumping 7.4% to US$211. India suffered however, with Mumbai (-33.8% to US$174) and New Delhi (-31.9% to US$155) seeing large declines. In the Middle East, Three markets experienced revPAR declines of more than 25%: Dubai (-33.9% to US$107), Istanbul (-33.1% to US$146); and Muscat (-26.4% to US$77). STR Global’s Managing Director, James Chappell, noted that the Jakarta hotel bombings will likely hit Indonesia. “The recent tragic events in Jakarta unfortunately will impact hotel performance in Indonesia, which year-to-June was one of only two countries we track on the Asia Pacific Hotel Review to report positive revPAR results (+8.1%),” he said. “Bali and Jakarta were the only two markets to report RevPAR increases in the month of June and for the year-to-date in local currency.”
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