<< Previous :: Next >> By Date :: Top Recent :: Top 30 days :: Top 365 days :: Back

Asia Pacific Region Hotel Industry Mainly Positive For October 2011

2011-11-22

Send

Text Size:

STR Global Hotels in the Asia/Pacific region experienced mostly positive results in the three key performance metrics during October 2011 when reported in U.S. dollars.

In year-over-year measurements, the Asia/Pacific region’s occupancy fell 2.0 percent to 70.0 percent, its average daily rate increased 8.4 percent to US$150.60, and its revenue per available room was up 6.2 percent to US$105.41.

“October was another fantastic month for New Zealand as it continued to host the Rugby World Cup, resulting in a 110.5-percent increase in RevPAR (in local currency)”, said Elizabeth Randall, managing director of STR Global. “Despite the floods affecting parts of Thailand, the country reported a 10.9-percent RevPAR increase for the month showing its resilience. Hong Kong is top of the city league table with 20.2-percent RevPAR increase for the month, benefiting from its positions as a strategic gateway into China and as an international financial and business centre”.

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

• Phuket, Thailand, reported the largest occupancy increase, rising 8.9 percent to 70.2 percent, followed by Bangkok, Thailand, with a 6.4-percent increase to 57.7 percent.

• Two markets posted double-digit occupancy decreases: Shanghai, China (-14.9 percent to 63.3 percent), and New Delhi, India (-13.9 percent to 63.2 percent).

• Three markets achieved ADR increases of more than 15 percent: Hong Kong (+20.0 percent to HKD2,273.32); Bali, Indonesia (+18.3 percent to IDR1,349,463.03); and Jakarta, Indonesia (+16.2 percent to IDR836,885.65).

• Shanghai (-15.3 percent to CNY834.24) and New Delhi (-10.8 percent to INR9,122.99) reported the largest ADR decreases for the month.

• Hong Kong jumped 20.2 percent in RevPAR to HKD1,944.77, reporting the largest increase in that metric, followed by Jakarta with an 18.3-percent increase to IDR662,763.39.

• Two markets posted RevPAR decreases of more than 20 percent: Shanghai (-27.8 percent to CNY528.49) and New Delhi (-23.2 percent to INR5,767.42).

**Performances of key countries in October 2011 (all monetary units in local currency):**
Country	Occupancy	% change	ADR	% change	RevPAR	% change
Australia	78.1%	+0.3%	AUD177.45	+3.6%	AUD138.54	+3.9%
China	65.8%	-2.4%	CNY840.50	+1.3%	CNY553.34	-1.2%
India	54.8%	-12.5%	INR6,867.83	-4.5%	INR3,762.83	-16.5%
Singapore	86.1%	+1.8%	SGD296.22	+11.4%	SGD254.91	+13.4%

*percentages are increases/decreases for October 2011 vs. October 2010

Highlights from key market performers for October 2011 in U.S. dollars (year-over-year comparisons):

• Hong Kong ended the month with the largest ADR increase, rising 19.8 percent to US$292.74, followed by Bali with a 19.4-percent increase to US$153.03.

• New Delhi fell 18.4 percent in ADR to US$184.47, posting the largest decrease in that metric.

• Five markets experienced RevPAR increases of more than 15 percent: Brisbane, Australia (+20.2 percent to US$171.95); Hong Kong (+20.0 percent to US$250.43); Jakarta (+19.4 percent to US$75.16); Beijing (+18.2 percent to US$84.18); and Bali (+15.1 percent to US$119.26).

• New Delhi fell 29.7 percent in RevPAR to US$116.62, reporting the largest decrease in that metric, followed by Shanghai (-24.5 percent to US$82.89) and Mumbai (-20.4 percent to US$99.10).

View Global Hotel Review for October 2011

Logos, product and company names mentioned are the property of their respective owners.