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Hotel Industry in the Asia Pacific Region Posts Mixed Results For August 2012

2012-09-24

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STR Global In year-over-year measurements, the Asia/Pacific region’s occupancy ended the month virtually flat with a 0.1-percent decrease to 68.1 percent, its average daily rate rose 0.7-percent to US$139.49 and its revenue per available room was up 0.7 percent to US$95.01.

Hotels in the Asia/Pacific region experienced mixed results in the three key performance metrics for August 2012 when reported in U.S. dollars, according to data compiled by STR Global.

In year-over-year measurements, the Asia/Pacific region’s occupancy ended the month virtually flat with a 0.1-percent decrease to 68.1 percent, its average daily rate rose 0.7-percent to US$139.49 and its revenue per available room was up 0.7 percent to US$95.01.

“Average room rate growth across the Asia/Pacific region slowed down in recent months with a 2-percent increase for the first eight months this year (YTD) after stronger growth performances last year”, said Elizabeth Randall Winkle, managing director at STR Global. “Average rates for YTD are within US$ 4 just below their YTD 2008 performance, reflecting the strong market conditions across most of Asia/Pacific”.

Highlights from key market performers in August 2012 in local currency (year-over-year comparisons):

Phuket, Thailand, reported the largest occupancy increase, rising 10.4 percent to 76.8 percent.
Taipei, China (-9.5 percent to 62.4 percent), and Ho Chi Minh City, Vietnam (-9.3 percent to 56.5 percent) reported the largest occupancy decreases for the month.
Two markets experienced ADR increases of more than 15 percent: Jakarta, Indonesia (+21.2 percent to IDR899,647.86), and Tokyo, Japan (+16.7 percent to JPY14,572.61).
Three markets achieved RevPAR increases of more than 20 percent: Phuket (+26.6 percent to THB2,315.92); Jakarta (+24.7 percent to IDR467,740.71); and Tokyo (+22.7 percent to JPY11,784.54).
Delhi, India, reported the largest ADR (-10.1 percent to INR6,212.22) and RevPAR (-13.4 percent to INR3145.90) decreases for the month.

Highlights from key market performers for August 2012 in U.S. dollars (year-over-year comparisons):

Tokyo rose 14.0 percent in ADR to US$185.33, reporting the largest increase in that metric.
Delhi (-25.5 percent to US$111.60) and Mumbai, India (-19.5 percent to US$132.22), reported the largest ADR decreases for the month.
Two markets achieved RevPAR increases of more than 15 percent: Phuket (+20.9 percent to US$73.55) and Tokyo (+19.8 percent to US$149.87).

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About STR Global:

STR Global provides clients-including hotel operators, developers, financiers, analysts and suppliers to the hotel industry-access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia/Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, segmentation data, forecasts, annual profitability, pipeline and census information. Hotel operators can join the surveys on a complimentary basis and benefit from free industry data. STR Global is part of the STR family of companies and is proudly associated with STR, RRC Associates, STR Analytics and HotelNewsNow.com. For more information, please visit www.strglobal.com.

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