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.
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.
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.
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%).
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 email@example.com.