Asia/Pacific hotel performance for Q1 2018

The Asia/Pacific region reported positive year-over-year performance in the three key metrics during the first quarter of 2018, according to data from STR. Occupancy grew 1.5% to 69% while ADR grew by 3% to $112.48, combining for RevPAR growth of 4.5% to $77.69.

Hong Kong reported occupancy growth of 3.9% to 90.1%, the first time the STR database on Hong Kong reported occupancy above 90%. ADR grew 10.7% to 1,482.02 Hong Kong dollars ($188.81), and RevPAR grew 14.9% to HK$1,335.10 ($170.09).

Occupancy in Vietnam grew 5.9% to 75.7% even with supply growth of 4.3%. ADR grew by 5.5% to 2,917,007.93 Vietnamese dong ($128.09) and RevPAR grew by 11.7% to 2,208,814.66 Vietnamese dong ($96.99).