Hotels in the Asia Pacific region experienced mixed results in the three key performance metrics during November 2013 when reported in U.S. dollars, according to data compiled by STR Global.
The region’s occupancy ended the month with a 1.1-percent increase to 72.4 percent; its average daily rate dropped 4.9 percent to US$123.13; and its revenue per available room was down 3.8 percent to US$89.12.
“Asia Pacific’s RevPAR decline has been driven by rate. However, it should be noted that the RevPAR decline began in 2012 as demand started to flatten”, said Elizabeth Winkle, STR Global’s managing director.
“Southeast Asia remains as the only positive performer in the region”, Winkle said, “with countries such as Thailand and Indonesia performing well, off the back of some increased travel from China”.
Highlights from key market performers for November 2013 in local currency (year-over-year comparisons):
• Mumbai, India, led occupancy growth, rising 9.5 percent to 70.3 percent.
• Hanoi, Vietnam, fell 8.4 percent in occupancy to 71.3 percent, posting the largest decrease in that metric. Auckland, New Zealand, followed with a 6.3-percent occupancy decrease to 80.7 percent.
• Jakarta, Indonesia (+14.4 percent to IDR1,148,754.18); Tokyo, Japan (+11.3 percent to JPY16,675.98); and Bali, Indonesia (+11.3 percent to IDR1,406,592.51), experienced ADR increases of more than 10 percent.
• Delhi, India, fell 7.2 percent in ADR to INR7,652.22, posting the largest decrease in that metric.
• Three markets experienced double-digit RevPAR growth: Tokyo (+17.4 percent to JPY15,489.94); Jakarta (+12.9 percent to IDR904,593.15); and Osaka, Japan (+11.4 percent to JPY11,095.37).
Performances of key countries in November 2013* (all monetary units in local currency):
*percentages are increases/decreases for November 2013 versus November 2012
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.
Logos, product and company names mentioned are the property of their respective owners.