Hotel performance in Asia Pacific in Q1 was mixed, with Phuket experiencing a sharp downturn, while Bali improved across all three metrics – occupancy, average daily rate (ADR) and RevPAR.
The occupancy level was the lowest for any Q1 in Phuket since 2015. STR analysts partially attribute the drop in performance during the market’s high season to a continued lack of visitors from Mainland China as well as the general elections held in March.
In Bali, STR analysts note that the strong comparison with Q1 2018 was due primarily to low performance in January 2018 caused by the Mount Agung eruption.
During the first two months of 2019, Bali welcomed more than 890,000 international visitors (+10.2%), according to the Bureau of Statistics in Bali.
Overall, hotels in the Asia Pacific region reported negative results across the three key performance metrics during Q1 2019, according to STR data.
Local currency, Q1 2019 vs. Q1 2018
Phuket, Thailand• Occupancy: -7.0% to 84.5%
• ADR: -5.7% to THB5,098.74
• RevPAR: -12.3% to THB4,310.34
Local currency, Q1 2019 vs. Q1 2018
Bali, Indonesia• Occupancy: +0.1% to 60.6%
• ADR: +14.3% to IDR1,439,349.34
• RevPAR: +14.4% to IDR871,828.26
US dollar constant currency, Q1 2019 vs. Q1 2018
Asia Pacific• Occupancy: -1.3% to 67.4%
• Average daily rate (ADR): -0.9% to US$103.63
• RevPAR: -2.2% to US$69.81