Asia Pacific hotels enjoy positive results in May – STR

Wednesday, 4 July 2012 00:34 - - {{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 May 2012 when reported in US dollars.

In year-on-year measurements, the Asia Pacific region’s occupancy increased 2.3% to 65.5%, its ADR increased 1.0% to US$135.85 and its RevPAR was up 3.3% to US$88.94.

“The majority of Asian markets continued to report RevPAR increases for the month,” said STR Global Managing Director Elizabeth Randall. “The Indian markets remained under pressure as the markets had to cope with increasing supply and slowing local economic conditions.”

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

Tokyo, Japan, reported the largest occupancy increase, rising 28.1% to 80.4%, followed by Phuket, Thailand, with a 19.0% increase to 60.9%.
Delhi, India, fell 14.3% in occupancy to 51.5%, posting the largest decrease in that metric.
Jakarta, Indonesia (+20.4% to IDR924,524.45), and Tokyo (+19.2% to JPY14,915.74), experienced the largest ADR increases for the week.
Two markets posted double-digit ADR decreases: Delhi (-10.8% to INR6,476.82) and Hanoi, Vietnam (-10.1% to VND2,218,689.50).
Four markets achieved RevPAR increases of more than 20%: Tokyo (+52.8% to JPY11,991.13); Phuket (+37.7% to THB2,009.08); Bangkok, Thailand (+21.3% to THB1,991.59); and Jakarta (+20.3% to IDR674,150.30).
Delhi fell 23.6% in RevPAR to INR3,332.95, posting the largest decrease in that metric.
Highlights from key market performers for May 2012 in U.S. dollars (year-on-year comparisons):
Tokyo increased 21.6% in ADR to US$188.20, reporting the largest increase in that metric, followed by Beijing (+12.0% to US$115.05) and Phuket (+10.5% to US$103.71).
Delhi (-28.4% to US$114.75) and Mumbai, India (-23.7 to US$136.21), posted the largest ADR decreases in May.
Three markets achieved RevPAR increases of more than 20%: Tokyo (+55.9% to US$151.30); Phuket (+31.5% to US$63.11; and Osaka (+20.2% to US$110.40).
Delhi fell 38.7% in RevPAR to US$59.05, posting the largest decrease in that metric.

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