Positive results for Asia Pacific hotels in August

Friday, 30 September 2011 04:39 - - {{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 August 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 0.1% increase to 68.1%, ADR increased 12.2% to US$142.86, and RevPAR jumped 12.3% to US$97.32.

“We see almost equal demand and supply growth across Asia Pacific, keeping occupancy levels steady for the moment,” said Elizabeth Randall, managing director of STR Global. “Average room rates continue to improve against the prior year. Looking at Japan, five months post the tragic events in March, hoteliers reported 81% occupancy, matching August 2010 results. Demand is returning month on month and we would expect it to soon grow again against last year.”

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

Bangkok, Thailand, reported the largest occupancy increase, rising 26.7% to 65.3%, followed by Phuket, Thailand, with a 25.2% increase to 71.8%.

Three markets reported double-digit occupancy decreases: Shanghai, China (-21.1% to 56.3%); New Delhi, India (-19.4% to 52.9%); and Jakarta, Indonesia (-13.4% to 51.7%).

Hong Kong jumped 27.9% in ADR to HKD1,749.51, achieving the largest increase in that metric.

Shanghai (-12.5% to CNY714.45) and Tokyo, Japan (-9.2% to JPY13,021.13), reported the largest ADR decreases.

Three markets experienced RevPAR increases of more than 30%: Hong Kong (+34.3% to HKD1,502.20); Bangkok (+32.2% to THB1,878.67); and Phuket (+31.2% to THB2,000.64).

Shanghai RevPAR fell 31.0% to CNY401.89, reporting the largest decrease in that metric, followed by New Delhi with a 24.7% decrease to INR3,592.66.

Highlights from key market performers for August 2011 in U.S. dollars (year-on-year comparisons): Three markets experienced ADR increases over 25%: Brisbane, Australia (+31.3% to US$201.61); Hong Kong (+27.6% to US$224.46); and Sydney, Australia (+25.2% to US$185.59).

Shanghai (-6.6% to US$111.98) and New Delhi (-5.0% to US$147.15) posted the largest ADR decreases for the month.

Bangkok jumped 38.4% in RevPAR to US$62.50, reporting the largest increase in that metric, followed by Phuket (+37.4% to US$66.56) and Hong Kong (+34.1% to US$192.73).

Two markets reported double-digit RevPAR decreases: Shanghai (-26.3% to US$62.99) and New Delhi (-23.5% to US$77.90).