Global News

Asia Pacific hotel performance for July 2018

shanghai
The absolute occupancy was the lowest for a July in Shanghai since 2014.

Hotels in the Asia Pacific region posted mixed results across the three key performance metrics during July 2018, according to data from STR.

U.S. dollar constant currency, July 2018 vs. July 2017

Asia Pacific

• Occupancy: -0.2% to 73.6%
• Average daily rate (ADR): +1.6% to US$104.16
• Revenue per available room (RevPAR): +1.3% to US$76.65

Local currency, July 2018 vs. July 2017

Advertisements
  • eHotelier Essentials Banner

Shanghai

• Occupancy: -2.7% to 76.5%
• ADR: +0.5% to CNY606.69
• RevPAR: -2.2% to CNY463.94

Supply (+3.5%) continued to outpace relatively flat demand (+0.7%) in the market. The absolute occupancy was the lowest for a July in Shanghai since 2014, while the ADR level was the highest for a July since 2011.

Bangkok

• Occupancy: -1.3% to 79.7%
• ADR: +4.5% to THB3,336.85
• RevPAR: +3.1% to THB2,660.09

STR analysts note that a slight decline in demand (-0.1%) came during a usually lower performance season in Bangkok. Supply (+1.2%) also added pressure on performance levels.

Download STR’s global hotel review for July 2018 here.

Tags: Asia Pacific hotel performance, July 2018, STR

,

Related Articles

Related Courses

You might also like:

Advertisements
Join over 60,000 industry leaders.

Receive daily leadership insights and stay ahead of the competition.

Leading solution providers: