STR: Bangkok, Abu Dhabi steady; Amsterdam sees seasonal slowdown

Hotel performance in the Bangkok, Abu Dhabi and Amsterdam markets was mixed in January, according to STR’s early January statistics.

Abu Dhabi’s ADR and RevPAR were above comparable levels in January, while Bangkok’s hotel sector recorded the second-highest monthly ADR on record for the market. Occupancy rates in Abu Dhabi are still about 5 percentage points below pre-COVID levels. Amsterdam’s January performance was down from previous months, the city’s first month without restrictions since the start of the pandemic.

Bangkok

• Occupancy rate: 67.5%
• ADR: 4,338.82 THB ($128.04)
• RevPAR: 2,930.15 THB ($86.47)

December 2022 is the only month in which ADRs exceed 4,000 baht ($119.04). The market’s ADR level in January was 21.5% higher than the same period in 2019, while occupancy and RevPAR were 19.7% and 2.4% lower than the same period in 2019, respectively.

According to daily data, Thursday, January 26 (77.1%) and Friday, January 27 (78.6%) recorded the highest occupancy rates in the market, driven by extended Chinese New Year celebrations and initial post-Chinese New Year demand from international Chinese tourists The country reopens.

Overall, daily occupancy in Bangkok was over 60% as of January.

Abu Dhabi

• Occupancy rate: 72.4%
• ADR: AED 508.45 ($138.40)

• RevPAR: AED 368.16 ($100.21)

Although the occupancy rate is slightly higher than in January 2022 (72.1%), it is lower than in 2020 (77.6%) and 2019. The highest daily occupancy rates occurred on Monday, January 16 (88.5%) and Tuesday, January 17 (87.7%), indicating an increase in business travel.

The market’s ADR and RevPAR were 14.6% and 6.6% higher than 2019 comparable companies, respectively. Slightly higher increases in 2022 and 2020.

amsterdam

• Occupancy rate: 53.1%
• ADR: €130.71 ($140.36)

• RevPAR: €69.37 ($74.49)

ADR levels surpassed comparable levels in 2019 (+18.5%), while occupancy and RevPAR declined by 17.7% and 2.5%, respectively. Only once did occupancy exceed 70% — Saturday, Jan. 28 (72.5%) — the night of a Robbie Williams concert.