HotelsSTR’s Asia Pacific hotel performance analysis shows strong occupancy and rate growth.

Tokyo, Jakarta hotels in record territory

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Japan saw a 4.1% year-over-year increase in international visitors in August.
Japan saw a 4.1% year-over-year increase in international visitors in August. Photo Credit: kitchakron/Getty Images

Hotel performance analysts STR said this resulted in a rise of 1.9% in Tokyo hotel occupancy to 86.5%. Average daily rate in local currency rose 5.2% to JPY18,186. RevPar climbed 7.2% to JPY15,734.

A year of earthquakes, floods and searing heat does not appear to have dampened the appeal of Japan for international visitors. According to the Japan National Tourism Organisation, Japan saw a 4.1% year-over-year increase in international visitors in August.

Hotel performance analysts STR said this resulted in a rise of 1.9% in Tokyo hotel occupancy to 86.5%. Average daily rate in local currency rose 5.2% to JPY18,186. RevPar climbed 7.2% to JPY15,734.

STR analysts note that inbound tourism to Japan helped push one of the highest-ever August occupancy levels in the market. In the latest Market Forecast for Tokyo, STR analysts expect continued growth in RevPAR (+6.0%) in 2019 and 2020. 

In Jakarta the Asian Games helped to boost absolute ADR and RevPAR levels to the highest for any month in STR’s Jakarta database. The Asian Games, held August 18 through September 2, drove a 16.2% increase in demand (room nights sold) in the market. 

Local currency, August 2018 vs. August 2017

Jakarta
• Occupancy: +14.7% to 71.5%
• ADR: +20.9% to IDR1,221,707.16
• RevPAR: +38.7% to IDR 874,006.42

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

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

Asia Pacific
• Occupancy: +1.0% to 75.7%
• Average daily rate (ADR): +2.4% to US$109.06
• Revenue per available room (RevPAR): +3.4% to US$82.53


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