Hotels in Asia Pacific report drop in RevPAR in April

Thursday, 18 June 2015 00:00 - - {{hitsCtrl.values.hits}}

According to data compiled by STR Global, hotels in the Asia Pacific region experienced mixed year-on-year results in the three key performance metrics during April 2015 when reported in US dollars.

The region’s occupancy for April increased 1.6% to 69.6%, ADR dropped 5.6% to $ 109.77, and RevPAR decreased 4.1% to $ 76.43.

Performance by country varied significantly on a local-currency basis.

Japan saw the largest increases in ADR (+14.3% to JPY 14,598.76) and RevPAR (+17.4% to JPY 12,277.33). Occupancy in the country also increased 2.7% to 84.1%. The devaluation of the Japanese yen has made the country a more affordable destination, and inbound travel has increased in year-over-year comparisons.

Thailand recorded the largest increase in occupancy (+13.5% to 72.4%) and saw a double-digit rise in RevPAR (+11.5% to THB 2,519.04). ADR in the country fell 1.8% to THB 3,479.29. Thailand’s performance continues to improve in year-on-year comparisons, most notably in Bangkok, as the country is further removed from last year’s coup.

After Japan, French Polynesia was the only other country to report a double-digit increase in ADR, up 10.1% to XPF 39,295.22.

New Zealand posted a double-digit increase in RevPAR (+13.3% to NZD 111.12) driven by increases in occupancy (+6.3% to 77.3%) and ADR (+6.6% to NZD 143.81). The country has seen demand growth continue to outweigh supply growth.

Myanmar experienced the largest decrease in occupancy (-34.0% to 31.3%) and RevPAR (-37.3% to MMK 50,758.32).

The steepest decline in ADR occurred in Malaysia, where ADR dropped 7.0% to MYR 344.00. The country experienced double-digit decreases in occupancy (-11.0% to 58.1%) and RevPAR (-17.2% to MYR199.97).

China reported an increase in occupancy (+1.6% to 67.9%) but a decrease in ADR (-3.2% to CNY554.42) and RevPAR (-1.7% to CNY 376.26). The country’s results were affected by performance declines in Hong Kong, a market which continues to see a decrease in government spending.

Highlights from key market performers for April 2015 in local currency (year-on-year comparisons):

Bangkok experienced the largest occupancy increase, up 22.2% to 70.2%. Sanya, China (+18.6% to 59.9%) and Delhi-National Capital Region, India (+14.7% to 64.7%), were the other markets to post a double-digit occupancy increase for the month.

Kuala Lumpur, Malaysia (-12.3% to 61.7%) and Bali, Indonesia (-10.8% to 56.1%) reported the largest occupancy decreases.

Osaka, Japan, reported the largest ADR increase, rising 30.9% to JPY 16,914.66. Jakarta, Indonesia, followed with a 16.3% increase in ADR to IDR 1,284,248.63.

Hong Kong experienced the only double-digit ADR decrease, down 10.9% to HKD 1,623.03.

Osaka (+34.7% to JPY 15,677.41) reported the largest increase in RevPAR, followed by Bangkok (+27.6% to THB 2,252.89).

Kuala Lumpur (-18.0% to MYR 224.89) and Hong Kong (-14.3% to HKD 1,328.56) experienced the largest RevPAR decreases.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.