london’s devaluation of the pound · independent travel) into major tourist locations across...

11

Upload: others

Post on 04-Jul-2020

1 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: London’s devaluation of the pound · Independent Travel) into major tourist locations across Europe, North America and Asia. Top cities seeing a rise in occupancy due to corporate
Page 2: London’s devaluation of the pound · Independent Travel) into major tourist locations across Europe, North America and Asia. Top cities seeing a rise in occupancy due to corporate

2

This 4D Focus quarterly report uses global data sourced from FCM corporate bookings made offline, online (via OBT), GDS and non-GDS bookings during April to June 2017 (Q2 2017). 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 and availability.

Unless otherwise stated USD$ is reported.

London’s devaluation of the pound during 2016 is said to have stimulated an 8% increase in visitors during Q2 2017 compared to same period last year. There was a total of 10.75M inbound visitors during this period, whilst Britons leaving the country took a total of 19.09M overseas trips (+1% on last year). Corporate travel arrivals into London dropped 4% during the quarter confirming the increase of inbound leisure travellers.

After a record Q1, Sydney occupancy dropped to 83.9%. The recent re-opening of the Sydney International Convention Centre will continue to drive increases in occupancy levels for the city over the coming year.

Q2 2017 OCCUPANCY *

VAR. ON 2016

AUSTRALIA 72.7% +0.2%

LONDON 75.1% +1.7%

CHINA 69.5% +4.8%

USA 69.5% +0.5%

EGYPT 46.8% +13.9%

CANADA 68.0% +1.7%

NETHERLANDS 79.5% +3.9%

VIETNAM 70.6% +9.1%

BRAZIL 50.4% -1.3%

*Sourced from STR & public news sources

Corporate travellers in Q2 2017 have resumed their usual travel patterns post 2016 – a year of uncertainty. During this quarter Easter fell in mid April, and the northern hemisphere moved into summer causing the usual seasonal slow in corporate travel. There was an increase in FIT (Free Independent Travel) into major tourist locations across Europe, North America and Asia.

Top cities seeing a rise in occupancy due to corporate and FIT travel were New York, Guangzhou, London and Sydney.

Page 3: London’s devaluation of the pound · Independent Travel) into major tourist locations across Europe, North America and Asia. Top cities seeing a rise in occupancy due to corporate

3

Annual Analysis

Cities3500+Countries200+

400+

6

Hotel Rating 3-5

Average Nights Away2.1

Multi- Booking Stream

60+

Page 4: London’s devaluation of the pound · Independent Travel) into major tourist locations across Europe, North America and Asia. Top cities seeing a rise in occupancy due to corporate

4

$USD

North America ARR$151 +7%

AmericasARR $95 0%

MEAARR $192 +5%

Asia ARR $127 0%

Europe ARR $142 -1%

OceaniaARR $127 +6%

Page 5: London’s devaluation of the pound · Independent Travel) into major tourist locations across Europe, North America and Asia. Top cities seeing a rise in occupancy due to corporate

5

Corporate ARR Q2 2017 vs same period 2016 decreased 1%

across the region. Occupancy was 75.1% (+2.1% on last year

and +11.6% on Q1 2017)

-1.0%

MUNICH

STOCKHOLM

MILAN

+ 1.4%

+ 3.5%

+ 1.4.%

LONDON

DUBLIN

PARIS

+ 6.4%

+ 1.4%

+ 1.4%

$138MUNICH$219

PARIS

$167DUBLIN $226

LONDON

$194MADRID

$115ABERDEEN

$113LIVERPOOL

$209AMSTERDAM

$171MOSCOW

$124ISTANBUL

$127BUCHAREST

$165MILAN

$152BERLIN

$143BUDAPEST

$262STOCKHOLM

$296OSLO

$USD

+ 21.7%

- 8.5%

- 3.7%

+ 16.6%

+ 9.5%

Local Currency ARRVar. Q2 2017 vs Q2 2016

ROE to USDVar. Q2 2017 on 2016

- 0.4%

Page 6: London’s devaluation of the pound · Independent Travel) into major tourist locations across Europe, North America and Asia. Top cities seeing a rise in occupancy due to corporate

6

$234TOKYO

$171BEIJING

$138JAKARTA

$156GUANGZHOU

Average Q2 2017 regional rate compared to Q2 2016 remains

flat. Regional occupancy 70.1% (+3.1% on same period last

year and +1.8% on Q1 2017. FLAT$178

SHANGHAI

$234HONG KONG

$104HANOI

$216MANILA

$131BANGKOK

$168TAIPEI

$164SEOUL

$124BANGALORE

$117CHENNAI

$140DELHI

$216SINGAPORE

$104KUALA

LUMPUR

SINGAPORE

BANGALORE

MANILA

+ 1.1%

- 3.8%

+ 5.6.%

BEIJING

SHANGHAI

DELHI

+ 3.7%

+ 3.7%

- 3.8%

+ 1.7%

+ 42.5%

+ 20.5%

- 4.2%

+ 9.4%

+ 5.3%

Local Currency ARRVar. Q2 2017 vs Q2 2016

ROE to USDVar. Q2 2017 on 2016

$USD

Page 7: London’s devaluation of the pound · Independent Travel) into major tourist locations across Europe, North America and Asia. Top cities seeing a rise in occupancy due to corporate

7

$189SYDNEY

Q2 ARR increased due to strong demand (leisure & corporate) in

Sydney and Auckland. Occupancy in Australia 72.7% (-0.2% to

same period last year). Highest occupancy reported in Auckland

with +90% and Sydney 83.9%.

+6%

$157MELBOURNE

$151PERTH

$142BRISBANE

$155DARWIN

$127ADELAIDE

$121HOBART

$168CANBERRA $105

HAMILTON

$151AUCKLAND

$128CAIRNS

$140NEWCASTLE

$144WELLINGTON

$128CHRISTCHURCH

PERTH

CHRISTCHURCH

BRISBANE

- 1.0%

- 0.2%

- 1.0%

SYDNEY

AUCKLAND

MELBOURNE

- 1.0%

- 0.2%

- 1.0%

- 7.7%

+11.9%

- 2.3%

+ 8.9%

+ 14.4%

- 1.9%

Local Currency ARRVar. Q2 2017 vs Q2 2016

ROE to USDVar. Q2 2017 on 2016

$USD

$232P.MORESBY

Page 8: London’s devaluation of the pound · Independent Travel) into major tourist locations across Europe, North America and Asia. Top cities seeing a rise in occupancy due to corporate

8

During Q2 the regional ARR remained flat at $95.

Regional occupancy is +1.0% to 54.2% (+1% on Q2 last

year and -1.1% on Q1 2017).FLAT

$150BUENOS AIRES

QUITO

SANTA CRUZ

SAO PAULO

0%

0%

- 9.8%

BOGOTA

BUENOS AIRES

- 5.0%

+ 5.9%

- 4.9%

+ 15.2%

- 6.0%

- 8.6%

+ 9.3%

Local Currency ARRVar. Q2 2017 vs Q2 2016

ROE to USDVar. Q2 2017 on 2016

$98RIO

$140SALVADOR

$160SANTIAGO

$137BOGOTA

$174LIMA

$110QUITO

$120CARTAGENA

$129SANTA CRUZ

$USD

$107SAO PAULO

$113MONTEVIDEO

Page 9: London’s devaluation of the pound · Independent Travel) into major tourist locations across Europe, North America and Asia. Top cities seeing a rise in occupancy due to corporate

9

ARR increase during the quarter due to the 2016 low rate

base caused by a year of local uncertainty. USA occupancy

69.5% (+0.5% on last year and +8.8% on Q1 2017)+7.0%

$USD

MEXICO CITY

MIAMI

VANCOUVER

+ 1.1%

0%

+ 1.8%

NEW YORK

BOSTON

DALLAS

0%

0%

0%

-16.4%

-0.6%

+15.0%

+25.%

+ 3.1%

+ 15%

Local Currency ARRVar. Q1 2017 vs 2016

ROE to USDVar. Q1 2017 on 2016

$236LOS ANGELES

$148VANCOUVER

$211BOSTON

$165TORONTO

$99EDMONTON $148

OTTAWA

$319NEW YORK

$179MEXICO CITY

$210CHICAGO

$236SEATTLE $188

DENVER

$157DALLAS

$161ATLANTA

$161MIAMI

Page 10: London’s devaluation of the pound · Independent Travel) into major tourist locations across Europe, North America and Asia. Top cities seeing a rise in occupancy due to corporate

10

$101JOHANNESBURG

$237NAIROBI

$177CAIRO

$220LAGOS

$190RIYADH

$153DUBAI

$156DOHA

$235ABIDJAN

$310KINSHASA

$190LUANDA

$228AMMAN

$121CAPETOWN

$111ABU DHABI

Africa regional rates continue to trend down this quarter,

whilst ME has mixed performance of -% and +%. Occupancy

in ME is 62.4% (-0.1% on last year), Africa is 53.3% (+2.7%

on last year)

+5.0%

DUBAI

JOHANNESBURG

- 8.8%

- 9.7%

ABU DHABI

AMMAN

0%

0%

- 10.4%

- 20.5%

- 19.2%

+ 6.0%

RIYADH0%- 28.0%

Local Currency ARRVar. Q2 2017 vs Q2 2016

ROE to USDVar. Q1 2017 on 2016

$USD

Page 11: London’s devaluation of the pound · Independent Travel) into major tourist locations across Europe, North America and Asia. Top cities seeing a rise in occupancy due to corporate

11

More Information about

4D Focus - Global Hotel Trends Q2 2017

Dean Easton E: [email protected] M: +61 401671701

Emma Duff E: [email protected] M: +61 424161076

Felicity Burke E: [email protected] M: +61 407097599

Contact Us : [email protected]