Hotels in the Asia/Pacific region experienced decreases in the three key performance metrics in April 2013 when reported in U.S. dollars, according to data compiled by STR Global.
In April, the Asia/Pacific region’s occupancy ended the month with a 0.5-percent decrease to 68.6 percent, its average daily rate dropped 2.3 percent to US$127.20 and its revenue per available room was down 2.8 percent to US$87.22.
“The Asia/Pacific region, with a 2.6-percent decrease in RevPAR, reported modest declines in all three key performance metrics during the first four months of 2013 as reported in U.S. dollars”, said Elizabeth Winkle, managing director of STR Global. “RevPAR in Dehli NCR dropped 20.5 percent year to date through April, as the supply and demand imbalance in the market continues to create challenges. The strongest performance in the region has been in Thai markets of Phuket and Bangkok, with RevPAR growth of 14.2 percent and 24.2 percent, respectively. Last year, Thailand had a strong recovery from political strife and flooding in 2012, and that growth trajectory continued through 2013 as the country reports even stronger demand figures”.
Highlights from key market performers for April in local currency (year-over-year comparisons):
- Ho Chi Minh City, Vietnam, rose 10.6 percent in occupancy to 70.4 percent, reporting the only double-digit increase in that metric.
- Three markets experienced double-digit occupancy decreases: Taipei, Taiwan (-15.5 percent to 66.7 percent); Seoul, South Korea (-13.9 percent to 73.2 percent); and Bali, Indonesia (-11.1 percent to 59.3 percent).
- Four markets experienced double-digit ADR increases: Jakarta, Indonesia (+16.2 percent to IDR1,071,059.68); Taipei (+11.1 percent to TWD6,061.25); Osaka, Japan (+10.8 percent to JPY11,453.44); and Tokyo, Japan (+10.0 percent to JPY15,949.71).
- Seoul (-7.7 percent to KRW199,841.66) and Phuket, Thailand (-7.5 percent to THB3,499.11), reported the largest ADR decreases for the month.
- Five markets achieved RevPAR increases of more than 10 percent: Jakarta (+19.6 percent to IDR774,482.96); Tokyo (+15.1 percent to JPY14,228.42); Auckland, New Zealand (+13.9 percent to NZD107.72); Osaka (+11.1 percent to JPY10,179.40); and Bangkok, Thailand (+10.9 percent to THB2,096.18).
- Seoul fell 20.6 percent to KRW146,332.07, reporting the largest decrease in that metric.
Highlights from key market performers for April in U.S. dollars (year-over-year comparisons):
- Four markets experienced ADR increases of 10 percent or more: Bangkok (+12.6 percent to US$106.55); Auckland (+11.1 percent to US$118.89); Taipei (+10.1 percent to US$205.16); and Jakarta (+10.0 percent to US$110.10).
- Tokyo fell 9.7 percent in ADR to US$163.01, posting the largest decrease in that metric.
- Bangkok (+18.3 percent to US$71.52) and Auckland (+18.2 percent to US$91.91) achieved the largest RevPAR increases during April.
- Seoul fell 18.7 percent in RevPAR to US$132.01, reporting the only double-digit decrease in that metric.
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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