Hotels in the Asia Pacific region experienced mixed results in the three key performance metrics during July 2013 when reported in U.S. dollars, according to data compiled by STR Global.
The region’s occupancy ended the month with a 0.3-percent increase to 69.6 percent, its average daily rate dropped 5.2 percent to US$116.36 and its revenue per available room was down 5.0 percent to US$80.99.
Highlights from key market performers for July 2013 in local currency (year-over-year comparisons):
- Ho Chi Minh City, Vietnam, reported the only double-digit occupancy increase, rising 14.6 percent to 64.0 percent.
- Jakarta, Indonesia, fell 11.5 percent in occupancy to 65.2 percent, posting the largest decrease in that metric. Kuala Lumpur, Malaysia, followed with an 11.2-percent decrease to 70.4 percent.
- Three markets experienced ADR increases of more than 10 percent: Osaka, Japan (+11.6 percent to JPY11,174.34); Taipei, Taiwan (+10.4 percent to TWD5,605.19); and Sydney, Australia (+10.2 percent to AUD190.34).
- Seoul, South Korea, fell 8.1 percent in ADR to KRW191,126.27, posting the largest decrease in that metric.
- Five markets experienced double-digit RevPAR growth: Sydney (+15.7 percent to AUD157.71); Tokyo, Japan (+15.1 percent to JPY13,005.85); Melbourne, Australia (+14.0 percent to AUD147.48); Auckland, New Zealand (+13.7 percent to NZD93.30); and Osaka (+13.5 percent to JPY9,463.24).
Highlights from key market performers for July in U.S. dollars (year-over-year comparisons):
- Taipei rose 10.7 percent in ADR to US$187.00, reporting the largest increase in that metric.
- Tokyo reported the largest ADR decrease, falling 14.4 percent to US$152.73.
- Auckland achieved the only double-digit RevPAR increase, rising 12.4 percent to US$74.60.
- Kuala Lumpur fell 14.7 percent in RevPAR to US$80.61, reporting the largest 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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