Positive results for Asia Pacific hotels in April 2011

Thursday, 26 May 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 April 2011 when reported in US dollars.

In year-on-year measurements, the Asia Pacific region’s occupancy fell 2.1% to 64.7%, ADR increased 14.6% to US$143.99, and RevPAR jumped 12.2% to US$93.19.

“Asia Pacific’s overall RevPAR performance continues to be driven by improvements in average room rates,” said Elizabeth Randall, Managing Director of STR Global.

“Out of the 15 countries tracked in our Asia Pacific Hotel Review, only Japan, following the devastating March earthquake and tsunami, reported a decline in average room rates. Occupancy levels across the region, following a strong re-bounce last year, declined slightly compared to last year. Tokyo’s demand continued to drop, reporting a 43% decline to 1.05 million occupied rooms for April. Osaka’s demand dropped 15% to 725,000 occupied rooms.”

“Bangkok reported a strong bounce in occupancy this month as anti-government demonstrations had started in the Thai capital in April 2010,” Randall added.

“The next couple of months are expected to show a continuing recovery as May and June were the most impacted months last year. In the second-quarter 2010, Bangkok dropped 31% in RevPAR compared to the second-quarter 2009.”

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

Bangkok, Thailand, experienced the largest occupancy increase, rising 36.9% to 59.3%, followed by Mumbai, India, with a 16.5% increase to 66.5%.

Tokyo, Japan, fell 42.8% in occupancy to 46.4%, posting the largest decrease in that metric, followed by Osaka, Japan, which reported a 15.4% drop to 69.1%.

Hong Kong, China, rose 26.4% in ADR to HK$2061.39, reporting the largest increase in that metric. Three markets achieved RevPAR increases of more than 20%: Bangkok (+42.3% to THB1805.12); Hong Kong (+27.4% to HK$1668.12); and Jakarta, Indonesia (+21.7% to IDR558290.50).

Highlights from key market performers for April 2011 (year-on-year comparisons, all currencies in U.S. dollars):

Osaka, Japan, rose 33% in ADR to US$143.96, followed by Brisbane, Australia, which rose 32.4% in ADR to US$194.73; Hong Kong (+26.4% to US$265.32); Sydney, Australia (+25.4% to US$194.96); and Jakarta (+20.4% to US$91.79).

Five markets achieved RevPAR increases of more than 25%: Bangkok (+53.6% to US$60.19); Brisbane (+30.7% to US$141.14); Hong Kong (+27.4% to US$214.70); Jakarta (+27.3% to US$64.71); and Sydney (+25.2% to US$158.53).