U.S. dollar constant currency, Q1 2017 vs. Q1 2016
- Occupancy: +3.3% to 68.3%
- Average daily rate (ADR): -0.3% to US$104.00
- Revenue per available room (RevPAR): +3.0% to US$71.04
Local currency, Q1 2017 vs. Q1 2016
- Occupancy: +4.1% to 57.0%
- ADR: +0.2% to IDR1,015,410.47
- RevPAR: +4.3% to IDR578,716.49
Indonesia’s hotel industry experienced a slight performance rebound after a 4.1% RevPAR decline for total-year 2016. Occupancy was the main performance driver during the quarter, as demand growth (+8.3%) doubled the rate of supply growth (+4.1%). STR analysts note that the visit from Saudi Arabia’s King Salman in early March boosted Group business (bookings of 10 or more rooms per night), especially in Jakarta and Bali.
- Occupancy: +2.2% to 65.3%
- ADR: +4.8% to MYR373.74
- RevPAR: +7.2% to MYR244.04
Malaysia’s hotels benefitted from several factors, including the Chinese New Year festival (28-29 January) and the Langkawi International Maritime and Aerospace Exhibition (21-25 March). The Easter calendar shift from March 2016 to April 2017 also helped performance growth. Demand increased 5.1% for the quarter, outpacing 2.9% supply growth.
- Occupancy: -1.0% to 69.0%
- ADR: +2.3% to MVR13,044.63
- RevPAR: +1.3% to MVR9,000.17
RevPAR growth was moderate in Maldives despite a 10.3% increase in January. Helped by the Spring Festival Golden Week holiday, the market saw a 32.0% rise in arrivals from Mainland China, according to January figures from the Maldives Ministry of Tourism. RevPAR growth for the quarter became muted with declines in both February (-3.8%) and March (-4.2%).
Source: E-Global Travel Hotel Trends