In addition to having more to spend, travelers have increased the amount they spend on travel by 40 per cent this year, compared with last year. The increasingly influential millennials are spending unprecedented amounts on travel, with those born after 1990 increasing their travel spend by 80 per cent this year.
Hotels in Melbourne saw occupancy increase 0.2% to 77.7% in June, according to preliminary monthly data from STR.
In Focus: Malaysia 2018 summarises Malaysias tourism landscape, hotel performance and outlook. The article further highlights four growing destinations including Johor, Kuala Lumpur, Langkawi and Penang.
Hotels in Singapore reported positive hotel performance in June, according to preliminary STR data. Occupancy rose 5.5% to 83.1%, ADR increased 1.7% to 262.60 Singapore dollars ($193.53) and RevPAR rose 7.2% to SG$218.23 ($160.83).