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A later Chinese New Year helped pushed Beijing demand year-on-year A later Chinese New Year helped pushed Beijing demand year-on-year

STR: Asia Pacific Hotels Yield Mixed January Results

Asia Pacific hotels reported mixed results, according to January 2018 data from hotel market data and benchmarking service, STR.

The region reported an overall 4.6 percent occupancy rise to 67.5 percent. Despite a 2.8 percent ADR decline to USD109.95, RevPAR increased by 1.7 percent to USD74.18. In Australia, occupancy rates rose by 1.4 percent to 74.3 percent. Specifically, the major outlier was Darwin, Australia, with a 32.6 percent RevPAR surge to AUD 68.72 (USD53.22).

STR analysts attribute the overall negative performance to Bali which saw a double-digit decline for occupancy, down by 20.7 percent to 53.4 percent, and RevPAR, down by 24.1 percent to IDR786, 454 (USD 57.15). Additionally, a later Chinese New Year had a negative effect on the country’s overall performance.

Mainland China recorded its highest absolute occupancy level in recent years. A 25.2 percent transient demand increase, coupled with a 19.4 percent group segment demand decline, indicate a strong corporate and free independent traveller presence.