Hotels across Asia Pacific reported mixed performance numbers for 2016, according to the latest data from STR.
Australian hotels performed better than most Asia-Pacific countries thanks to some record breaking months.
When it came to U.S. Dollar constant currency, year-over-year comparisons, Asia Pacific hotels saw:
-Occupancy: +1.6% to 69.0%
-Average Daily Rate (ADR): -0.9% to US$100.46
-Revenue per available room (RevPAR): +0.6% to US$69.34
In local currency, year-over-year comparisons for Australia were:
-Occupancy: +0.9% to 75.7%
-ADR: +1.3% to AUD184.65
-RevPAR: +2.2% to AUD139.84
Through the first 11 months of the year, international arrivals to Australia increased 11.3% compared with the same time period in 2015, according to the Australian Bureau of Statistics.
December 2016 marked the country’s highest monthly ADR on record (AUD200.33), which was a 3.2% increase compared with the previous December.
The country’s hotel industry was helped by major events throughout the year, including the NRL Telstra Premiership Grand Final (2 October) in Sydney and the cricket Boxing Day Test (26 December kickoff) in Melbourne.
Sydney finished the year with RevPAR growth of 4.4%, while Melbourne reported a slight increase of 0.8%.