Tuesday Dec 24, 2024
Tuesday Dec 24, 2024
Wednesday, 29 June 2011 00:36 - - {{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 May 2011 when reported in U.S. dollars. In year-on-year measurements, the Asia Pacific region’s occupancy rates ended the month virtually flat with a 0.2% decrease to 64%, ADR increased 13.5% to US$138.54, and RevPAR jumped 13.3% to US$88.72.
“Supply increases outpaced demand for the first five months of this year growing 2.6% and 2%, respectively,” said Elizabeth Randall, managing director of STR Global. “Therefore the occupancy levels across the region are down slightly by 0.6%, year to date. Occupancy continued to improve across Central and South Asia, Southeastern Asia and Oceania. Bangkok came back strongly in May from governmental protests last year ... Shanghai hosted the World Expo last year, which depressed the performance for this May. Tokyo continued to report weak performances against last year following March events.”
Highlights from key market performers for May 2011 in local currency (year-on-year comparisons):
=Bangkok, Thailand, achieved the largest occupancy increase, jumping 117% to 57.8%, followed by Phuket, Thailand, with a 26.2% increase to 51.5%.
=Two markets experienced double-digit occupancy decreases: Tokyo, Japan (-22.7% to 59.5%), and Shanghai, China (-21.8% to 58.5%).
=Hong Kong (+28.7% to HK$1818.80), and Bangkok (+15.2% to THB2908.14) posted the largest ADR increases for the month.
=Tokyo reported the largest decrease in ADR (-13.5% to JPY13180.80) and RevPAR (-33.1% to JPY7847.23).
=Bangkok achieved the largest RevPAR increase, rising 150% to THB1679.61, followed by Hong Kong with a 31.1% increase to HK$1456.23.
Highlights from key market performers for May 2011 in U.S. dollars (year-on-year comparisons):
=Brisbane, Australia, increased 46.5% in ADR to US$212.34, reporting the largest increase in that metric, followed by Sydney, Australia (+33.5% to US$188.07), and Melbourne, Australia (+30.7% to US$183.73).
=Shanghai ADR fell 7% to US$126.01, reporting the largest decrease in that metric.
=Three markets achieved RevPAR increases of more than 40%: Bangkok (+171.9% to US$55.25); Brisbane (+47.5% to US$172.15); and Melbourne (+40.2% to US$135.71).
=Shanghai (-27.3% to US$73.75) and Tokyo (-24.7% to US$97.04) experienced the largest RevPAR decreases.
