Choice Hotels Asia Pacific has reported a 45% increase in RevPAR in Q3 when compared to the same period in 2019, with average daily rates (ADR) up 26% on 2019 figures.
The group’s Australian hotels outperformed the comparable market segment RevPAR by almost 30%, and Choice reports that its revenue management service is paying off with hotels using the system outperforming the market by almost 45% in the quarter.
Meanwhile, in New Zealand RevPAR for Q3 was up 18% on the same period in 2019, with ADRs up 14%. New Zealand hotels outperformed the comparable market segment RevPAR by 23 percent, with revenue managed hotels seeing a 154 percent RevPAR bonus on similar hotels in Q3.
“Small business owners had a tough time through the pandemic, which was followed by an incredibly busy winter rebound,” said Choice Hotels Asia Pacific CEO, Trent Fraser.
“We’ve seen staffing shortages across the hospitality industry, which has meant many owners are hands on in their businesses, and now we face inflationary pressure leading into 2023.
“As these pressures impact hotel businesses, it will open opportunities for engagement with us, with particular interest in revenue management and driving profitability, driving bookings, distribution and procurement savings.”
Direct online bookings have also boomed in Q3 with bookings through ChoiceHotels.com and the Choice Hotels App up 132% on the same period in 2019.
“Driving bookings is a key driver right now, and we are proud to see payoff through the ChoiceHotels.com website and our Choice Privileges App,” Fraser said.
“These channels have broken previous year’s direct online booking records and it’s exciting to see our investment in these technologies and continued local and regional marketing efforts delivering room nights for our hotels.”