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TR: Asia Pacific Hotel Performance for Q1 2016

2016-04-29

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Compared with Q1 2015, the Asia Pacific region reported a 1.7% increase in occupancy to 66.6%. Average daily rate remained nearly flat (-0.2% to US$105.04). Revenue per available room rose 1.5% to US$69.93.

Performance of featured countries for Q1 2016 (local currency, year-over-year comparisons):

Of the countries in the region, French Polynesia experienced the quarter's only double-digit increase in occupancy (+10.5% to 60.9%). A 14.3% rise in ADR to XPF41,639.09 also helped a 26.4% spike in RevPAR TO XPF25,375.58. Specifically in March, French Polynesia reported a 15.1% increase in occupancy to 67.5% and a 26.4% rise in RevPAR to XPF27,632.04. according to STR analysts, a weak CFP franc in comparison with the US dollar and Chinese Yuan made French Polynesia a great value for US and Chinese travelers. The increase in demand from those markets was well reflected in Bora Bora.



(Read more at: Hospitalitynet.org)