Asia Pacific hotels enjoy positive growth June

Friday, 27 July 2012 02:03 - - {{hitsCtrl.values.hits}}

According to data compiled by STR Global, hotels in the Asia Pacific region experienced positive results in all three key performance metrics for June 2012 when reported in U.S. dollars.

In year-on-year measurements, the Asia Pacific region’s occupancy rates increased 1.8% to 66.2%, ADR increased 5.4% to US$136.87, and RevPAR was up 7.3% to US$90.66.

Year-to-date 2012 the region reported a 2.3% occupancy increase to 66.0%, a 3.3% rise in ADR to US$141.38 and a 5.7% growth in RevPAR to US$93.26.

“The first six months of 2012 saw overall moderate growth in occupancy and ADR for most months,” said Elizabeth Randall, managing director at STR Global. “The increases have helped to bring the region back on par with the first half performance in 2008, before the worldwide financial and economic downturn made its full impact felt. The region matched its 66% occupancy and was just US$0.38 below its 2008 first half ADR performance. As the region experienced a continuous increase in new hotel supply, growing with a 3.2% compound annual growth rate (CAGR) between the first six months 2008 and 2012, demand has kept pace with a 3.1% CAGR.”

Highlights from key market performers in June 2012 in local currency (year-on-year comparisons):

- Hanoi, Vietnam, reported the largest occupancy increase, rising 13.1% to 61.8%, followed by Shanghai, China (+11.3% to 62.7%), and Phuket, Thailand (+10.2% to 59.3%).

- Manila, Philippines, fell 6.3% in occupancy to 65.2%, posting the largest decrease in that metric.

- Three markets experienced ADR increases of more than 20%: Jakarta, Indonesia (+26.8% to IDR967,559.38); Tokyo, Japan (+22.3% to JPY14,796.58); and Taipei, Taiwan (+20.9% to TWD6,805.68).

- Delhi, India, reported the largest ADR (-5.6% to INR6,520.52) and RevPAR (-10.8% to INR3,321.20) decreases for the month.

- Five markets achieved RevPAR increases of more than 20%: Jakarta (+31.2% to IDR749,897.41); Tokyo (+29.9% to JPY11,731.01); Taipei (+28.1% to TWD5,015.50); Phuket (+26.3% to THB1,875.44); and Kuala Lumpur, Malaysia (+21.1% to MYR316.38).

Highlights from key market performers for June 2012 in U.S. dollars (year-on-year comparisons):

- Tokyo reported the largest ADR increase, up 24.5% to US$186.03, followed by Taipei (+16.6% to US$227.08) and Jakarta (+15.4% to US$102.17).

- Three markets achieved RevPAR increases of more than 20%: Tokyo (+32.3% to US$147.48); Taipei (+23.6% to US$167.35); and Phuket (+22.9% to US$59.06).

- Delhi reported the largest ADR decrease, falling 23.8% to US$115.97. The market also reported the largest RevPAR decrease, dropping 28.0% to US$59.07.