Jakarta’s hotel industry posted its highest monthly ADR since August 2018, Amsterdam's reaching records and Dubai April hotel occupancy peaked.

Jakarta:

April 2023 (year-over-year % change)

• Occupancy: 45.0% (-1.7%)
• Average daily rate (ADR): IDR1,015,991.89 (+32.9%)
• Revenue per available room (RevPAR): IDR456,808.80 (+30.6%)

When looking at daily data, Jakarta hotels reported their highest occupancy level on Wednesday, 12 April (at 59.4%). Overall, the market’s daily occupancy levels fluctuated between 30-60% throughout the month, with only one day falling below the 30% mark – Wednesday, 19 April (at 29.7%).

Amsterdam hotel ADR and RevPAR reached record-highs in April

Amsterdam’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) for any month on record, according to preliminary April 2023 data from STR.  

April 2023 (year-over-year % change)

• Occupancy: 83.9% (+13.6%)
• Average daily rate (ADR): EUR214.51 (+30.5%)
• Revenue per available room (RevPAR): EUR180.07 (+48.2%)

April was the first month with the market’s ADR above EUR200. In addition, the occupancy level was Amsterdam’s highest since October 2019.

When looking at daily data, Amsterdam’s occupancy peaked on Saturday, 29 April (93.7%), helped by Metallica’s M72 World Tour. The market’s daily occupancy levels remained above 70% throughout the month with only one day falling below that mark (10 April, at 66.8%).

Dubai April hotel occupancy peaked during Eid al-Fitr

Dubai’s hotel industry saw its saw highest April 2023 occupancy levels during the Eid-al Fitr holiday period, according to preliminary data from STR.

April 2023 (year-over-year % change)

• Occupancy: 71.4% (+21.3%)
• Average daily rate (ADR): AED751.19 (-4.7%)
• Revenue per available room (RevPAR): AED536.32 (+15.6%)

The market’s highest occupancy level was recorded on Saturday, 22 April (90.1%) – the only day of the month the metric surpassed the 90% mark. Daily RevPAR for the month also reached its highest level on this date, at AED707.03.

Peak ADR for the month occurred from 4-11 April, with the metric coming in above AED800 daily, in line with the Easter holiday. Key source markets, such as the U.K., contributed to the high performance during this period.  

Overall, the market’s occupancy levels remained above 80% from 21 April onwards.

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit www.str.com