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COVID-19 webinar summary: 5 key points on Pacific hotel performance, 15 May

Knowing you might not have time to watch our full webinars, we are pleased to continue our series of COVID-19 webinar summaries. In this latest edition, we talk performance in the Pacific region.

Data shows a holding pattern in the Pacific region

Effects of COVID-19 have accelerated declines in occupancy, and the impact has been felt in key markets across the region. Since the beginning of April, occupancy has been below 30% in Australia and New Zealand, 22% and 23%, respectively. Occupancy has fallen to 10% in Fiji.

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Data shows a holding pattern in the Pacific region

Returnee accommodation impact

Adelaide’s year-over-year occupancy declines eased slightly during April up to 13 May due to returning travellers from India and limited to a few hotels.

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Returnee accommodation impact

Auckland: edging toward 50% occupancy

New Zealand has seen consistency in performance across the country. However, Auckland is edging toward 50% occupancy due to returning travellers. On the other hand, Wellington posted single-digit occupancy for the last six weeks due to a lack of travel during that particular period of time.

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Auckland: edging toward 50% occupancy

Auckland: all hotel classes affected by COVID-19

All hotel classes in Auckland have been affected by COVID-19. Midscale and Economy posted the lowest occupancy level (31%), followed closely by Luxury/Upper Upscale (37%) and Upscale/Upper Midscale (40%).

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Auckland: all hotel classes affected by COVID-19

An update on Australia’s business on the books

Forward STAR data for Australia presents a picture of short lead demand on the books for Melbourne, Sydney and Adelaide. The below image includes business on the books for the next 83 days as of the past 7 days ending at 11 May, and further insights are provided in the full webinar recording.

Business-on-the-books intelligence will not only help us all understand when recovery begins, and provide much-needed context, those insights can be accessed for free when you submit your data. If you are interested, please email sales@str.com.

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An update on Australia’s business on the books

Watch the full recording of the webinar here. For further insights into COVID-19’s impact on global hotel performance, visit our content hub.

Tags
Hotels
Asia Pacific
Forward Data
Historical Data
Industry Updates