Global Hotel Corporate Purchase Trends Q1...
Transcript of Global Hotel Corporate Purchase Trends Q1...
4th Dimension Focus Global Hotel Corporate Purchase Trends Q1 2018
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About the Report This 4D Focus quarterly report uses global data sourced from FCM corporate bookings made offline, online (via OBT), GDS and non-GDS bookings during January to March 2018 (Q1 2018). The average room rates (ARR) quoted are booked rates (excluding taxes). Variations in rates booked are a reflection of season, supply and demand, corporate buying behaviour, leisure/tourist seasons and variations in exchange rates. Unless otherwise stated USD$ is used.
In this recent quarter South Africa saw occupancy decline to 63.1%, a -3.3% reduction in response to “day zero” causing travellers to change their travel due to drought.
Top performing countries for occupancy were HK 90.1%, which is the first time the city has reached over 90%, Egypt reported 60.1%, which is the highest since 2010, Colombia 58.5% the highest since 2011 and Vietnam 75.7% which is the highest occupancy since 2007. Vietnam is the 3rd ranked country in the APAC region with the most rooms in construction (20,633 rooms / 59 Hotels).
OCCUPANCY - Q1 2018 VAR. ON 2017
ARGENTINA 63.60% 7.50%
AUSTRALIA 76.40% 1.10%
EGYPT 60.10% 21.20%
HONG KONG 90.10% 3.80%
RUSSIA 53.50% 6.10%
TURKEY 63.70% 24.00%
VIETNAM 75.70% 5.90%
Sourced from STR & public news sources
Q1 2018 occupancy increased across several regions compared to Q1 2017: Europe (64.5%, +2.2%), APAC (69.0% +1.5%) Africa (58.9% +5.2%) and Central/South America (57.6% +4.5%) which saw rise to their ARR excluding Africa. Occupancy remained flat in the Middle East (70.6% +0.9%) and USA (61.6% +0.9%) and saw a reduction in ARR.
During the southern hemisphere summer inbound travellers increased into Australia (+9%) and New Zealand (+7%) with 75-80% of travellers now being tourists. This caused spikes in demand and upward ticks in ARR.
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2018 Focus About 4D Focus – Hotels
Annual Analysis
Cities 3500+ Countries 200+
400+ Global Corporate Clients
Regions 7
Hotel Rating 3-5
Average Nights Away 2.12
Multi- Booking Stream
Currencies 60+
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Major Cities for Corporate Travellers & their average purchase rates Q1 2018 vs Q1 2017 Regional Trends – Hotel ARR Q1 2018
$USD
North America ARR$139 -1.3%
Americas ARR $99 +1.6%
ME ARR $164 -17.5%
Asia ARR $125 +3.8%
Europe ARR $142 +12.8%
Oceania ARR $134 +5.0%
Africa ARR $111 -4.5%
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Europe Q1 2018 ARR Regional ARR Analysis
Corporate ARR during Q1 2018 increased 12.8% or $16 across
the region. Regional occupancy was 64.5%, +2.2% increase
on Q1-2017. +12.8%
MUNICH
STOCKHOLM
MILAN
- 13.2%
- 9.6%
- 13.2%
LONDON
DUBLIN
PARIS
- 10.1%
- 13.2%
- 13.2%
$139 MUNICH
$219 PARIS
$176 DUBLIN $215
LONDON
$182 BARCELONA
$119 ABERDEEN
$127 LIVERPOOL
$221 AMSTERDAM
$90 MOSCOW
$152 ISTANBUL
$138 BUCHAREST $190
MILAN
$163 FRANKFURT
$299 BUDAPEST
$203 STOCKHOLM
$217 OSLO
$USD
- 16.3%
+ 10.0%
-5.7 %
+ 9.2%
+ 8.0%
Local Currency ARR Var. Q1 2018 vs Q1 2017
ROE to USD Var. Q1 2018 on 2017
- 6.3%
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Asia Q1 2018 ARR $250 TOKYO
$171 BEIJING
$161 JAKARTA
$158 GUANGZHOU
Regional ARR Analysis Average Q1 2018 regional rate increased $5 on same period last year. APAC occupancy was 69.0%, +1.5% increase on Q1 2017.
+3.8% $172 SHANGHAI
$252 HONG KONG
$132 HANOI
$130 MANILA
$133 BANGKOK
$185 TAIPEI
$175 SEOUL
$132 BANGALORE
$120 CHENNAI
$178 DELHI
$202 SINGAPORE
$100 KUALA LUMPUR
SINGAPORE
BANGALORE
MANILA
- 7.0%
+13.5%
- 0.3%
BEIJING
SHANGHAI
DELHI
+ 4.7%
+ 4.7%
+13.5%
- 4.4%
+ 8.4%
+ 2.8%
- 3.1%
- 1.9%
+ 11.7%
Local Currency ARR Var. Q1 2018 vs Q1 2017
ROE to USD Var. Q1 2018 on 2017
$USD
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Oceania Q1 2018 ARR
$213 SYDNEY
Regional ARR Analysis Q1 ARR up $6 due to continued demand in key cities. Q1 Occupancy in Australia 76.4%, +1.1% on Q1-2017.
+5.0%
$167 MELBOURNE
$152 PERTH
$145 BRISBANE
$114 DARWIN
$146 ADELAIDE
$158 HOBART
$164 CANBERRA
$127 HAMILTON
$192 AUCKLAND
$134 CAIRNS
$148 NEWCASTLE
$156 WELLINGTON
$150 CHRISTCHURCH
PERTH
CHRISTCHURCH
BRISBANE
- 5.0%
- 2.0%
- 5.0%
SYDNEY
AUCKLAND
MELBOURNE
- 5.0%
- 2.0%
- 5.0%
- 11.0%
+ 8.4%
- 1.1%
- 1.1%
+ 13.5%
- 7.8%
Local Currency ARR Var. Q1 2018 vs Q1 2017
ROE to USD Var. Q1 2018 on 2017
$USD
$219 P.MORESBY
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North America Q1 2018 ARR Regional ARR Analysis
This quarter saw a $2 decrease in rates across the region. National occupancy in the USA remained flat at 61.6% +0.9% on Q1 2017. Rate reductions were observed in several key cities.
-‐1.3%
$USD
MEXICO CITY
MIAMI
VANCOUVER
- 7.5%
0%
- 5.3%
NEW YORK
BOSTON
DALLAS
0%
0%
0%
- 13.9%
+ 1.1%
- 8.5%
- 8.5%
+ 15..5%
- 3.6%
Local Currency ARR Var. Q1 2018 vs Q12017
ROE to USD Var. Q1 2018 on 2017
$232 LOS ANGELES
$135 VANCOUVER
$187 BOSTON
$161 TORONTO
$111 EDMONTON $147
OTTAWA
$254 NEW YORK
$183 MEXICO CITY
$160 CHICAGO
$196 SEATTLE
$159 DENVER
$155 DALLAS
$168 ATLANTA
$228 MIAMI
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Americas Q1 2018 ARR Regional ARR Analysis
During Q1 ARR increased $2 against the same period in 2017. Central & South America occupancy levels for the quarter were 57.6% +4.5% increase on Q1 2017.
+1.6%
$152 BUENOS AIRES
LIMA
SANTIAGO
SAO PAULO
0.8%
- 8.1%
+ 2.2%
BOGOTA
BUENOS AIRES
- 2.2%
+ 23.5%
+ 6.6%
+ 1.3%
+ 8.0%
- 5.3%
+43.8%
Local Currency ARR Var. Q1 2018 vs Q1 2017
ROE to USD Var. Q1 2018 on 2017
$112 RIO
$59 SALVADOR
$191 SANTIAGO
$152 BOGOTA
$138 LIMA
$152 QUITO
$124 SANTA CRUZ
$USD
$118 SAO PAULO
$135 MONTEVIDEO
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$135 JOHANNESBURG
$181 NAIROBI
$160 CAIRO
$227 LAGOS
$183 RIYADH
$164 DUBAI
$178 DOHA
$208 ABIDJAN
$143 RABTA
$219 LUANDA
$110 CAPETOWN
$190 ABU DHABI
Middle East & Africa Q1 2018 ARR
DUBAI
Regional ARR Analysis Regional ARR continue to trend down by $19 for Q1 2018 compared to Q1 2017. Occupancy in ME was 70.6% (+0.9% on Q1 2017), Africa 58.9% (+5.2%) and South Africa 63.1% (-3.3%).
-‐12.3%
JOHANNESBURG
0%
- 10.2%
ABU DHABI
CAIRO 0%
- 0.3%
- 21.9%
+ 18.3%
+ 19.2%
- 17.6%
RIYADH 0% - 11.1%
Local Currency ARR Var. Q1 2018 vs Q1 2017
ROE to USD Var. Q1 2018 on 2017
$USD
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