Asia Pacific hotels occupancy flat in June

Thursday, 28 July 2011 00:00 - - {{hitsCtrl.values.hits}}

According to data compiled by STR Global, hotels in the Asia Pacific region experienced mostly positive results in the three key performance metrics during June 2011 when reported in U.S. dollars.

In year-on-year measurements, the Asia Pacific region’s occupancy ended the month virtually flat with a 0.6% increase to 65.2%, ADR increased 13.3% to US$133.79, and RevPAR jumped 13.9% to US$87.22.

“Asia Pacific will be an interesting region to watch during the coming months,” said Elizabeth Randall, managing director of STR Global. “Only two out of the six months so far this year reported occupancy increases against the corresponding month in 2010. Whilst the demand across the region continued to grow (2% for the first half of the year), the new supply entering the region (3% for the same timeframe) kept the occupancy levels under pressure. Added to that is the reduced demand due to the earthquake and tsunami in Japan and key events like the World Expo in Shanghai last year.”

Highlights from key market performers for June 2011 in local currency (year-on-year comparisons):

- Bangkok, Thailand, jumped 78% in occupancy to 62.8%, reporting the largest increase in that metric. Phuket, Thailand, was the only other market to report a double-digit occupancy increase, rising 38.7% to 54.6%.

- Shanghai, China, reported the largest decrease in all three key performance metrics: Occupancy fell 27.6% to 58.5%, ADR was down 11.5% to CNY788.14, and RevPAR decreased 35.9% to CNY461.11.

- Three markets reported double-digit ADR increases: Hong Kong (+24.6% to HKD1,704.31); Bangkok (+11.1% to THB2,869.04); and Jakarta, Indonesia (+10.6% to IDR789,407.11).

- Bangkok rose 97.7% in RevPAR to THB1,800.34, reporting the largest increase in that metric.

Five markets achieved ADR increases of more than 20%: Brisbane, Australia (+30.8% to US$193.94); Melbourne, Australia (+30.8% to US$183.76); Sydney, Australia (+27.5% to US$180.83); Hong Kong (+24.6% to US$218.96); and Seoul, South Korea (+23.7% to US$180.09).

* Bangkok jumped 108.3% in RevPAR to US$58.26, reporting the largest increase in that metric. Three other markets posted RevPAR increases of more than 30%: Phuket (+55% to US$49.61); Melbourne (+39.8% to US$134.05); and Brisbane (+35.2% to US$164.44).