LONDON—Hotels in the Asia Pacific region reported growth across the three key performance metrics during April 2018, according to data from STR.
U.S. dollar constant currency, April 2018 vs. April 2017
Occupancy: +1.5% to 73.2%
Average daily rate (ADR): +3.2% to US$110.37
Revenue per available room (RevPAR): +4.7% to US$80.77
Local currency, April 2018 vs. April 2017
Occupancy: +2.0% to 67.0%
Average daily rate (ADR): +4.4% to INR5,734.42
Revenue per available room (RevPAR): +6.5% to INR3,844.59
STR analysts note that the absolute occupancy and RevPAR levels were the highest for an April in India since 2008, while the absolute ADR level was the highest for the month since 2012. Performance growth was possible because strong demand (+5.4%) outweighed significant supply growth (+3.3%) for the month. During the last year, India has opened more than 8,700 rooms, ranking third in the Asia Pacific region for room openings.
Occupancy: -1.0% to 66.6%
Average daily rate (ADR): -3.4% to MYR346.14
Revenue per available room (RevPAR): -4.4% to MYR230.39
According to STR analysts, Malaysia hotel performance was affected by a comparison with the month of the Langkawi Rugby Sevens in 2017. Less event busineess in Langkawi during April 2018 resulted in a 17.9% decline in RevPAR in the market.
Occupancy: -0.4% to 81.3%
Average daily rate (ADR): +0.5% to NZD184.20
Revenue per available room (RevPAR): +0.1% to NZD149.76
Helped by a lack of significant supply growth in the country, New Zealand has posted 58 consecutive months of RevPAR growth. In April specifically, Christchurch and Wellington boosted RevPAR performance with increases of 15.8% and 13.0%, respectively.