Australia’s 73.2% absolute occupancy level was the highest for any Q2 on record in the country. That came even with 2.1% more room nights available compared with Q2 2017.
Australia was the hot spot for Asia Pacific hotel performance in Q2 2018, according to data from STR.
Australia’s 73.2% absolute occupancy level was the highest for any Q2 on record in the country. That came even with 2.1% more room nights available compared with Q2 2017.
STR analysts point to the overall health of the Australian hotel industry in absorbing that new supply. Gold Coast, host of the XXI Commonwealth Games in April, was the standout market with RevPAR up 24.2% to A$138.38 for the quarter.
Performance growth was stronger outside of the capital markets as supply growth had a greater effect on RevPAR comparisons in Perth (-4.5% to A$112.99), Sydney (-2.1% to A$174.70) and Hobart (-0.7% at A$125.45).
However, in absolute values, Sydney remained the top performer in the country.
Asia Pacific hotel performance Q2 2018
U.S. dollar constant currency, Q2 2018 vs. Q2 2017
Asia Pacific
Occupancy: +1.0% to 70.4%
Average daily rate (ADR): +3.1% to US$105.00
Revenue per available room (RevPAR): +4.1% to US$73.95
Local currency, Q2 2018 vs. Q2 2017
Australia
Occupancy: +1.3% to 73.2%
ADR: +1.5% to A$178.57
RevPAR: +2.8% to A$130.71