Home / / Asia Pacific hotel enjoy positive results in March

Asia Pacific hotel enjoy positive results in March


Comments / 413 Views / Friday, 27 April 2012 00:01


According to data compiled by STR Global, hotels in the Asia Pacific region experienced positive results in the three key performance metrics for March 2012 when reported in US dollars.

In year-on-year measurements, the Asia Pacific region’s occupancy increased 4.4% to 69.4%, ADR increased 4.8% to US$ 145.64 and RevPAR was up 9.4% to US$ 101.01.

“A year has passed since the tragic natural disasters occurred in Japan,” said STR Global Managing Director Elizabeth Randall, adding, “The country’s hotel performance started to improve over recent months and reported a bounce back with Japan’s RevPAR for the month increasing 38% in local currency as compared to March last year. The biggest RevPAR growth was reported by Sendai (118%) and Yokohama (85%), whilst Osaka reported a 7% decline compared to last year.” In the first quarter of the year the region’s occupancy rose 1.8% to 65.4%, ADR was up 5.2% to US$ 147.16 and RevPAR increased 7.1% to US$ 96.26.

“Looking at the first quarter performance, the majority of countries across the region continue to show improvements in ADR and RevPAR,” Randall added. “One exception is India, which reported declining performance for all key indicators. This trend started in the middle of last year and reflects the increases in supply and slow absorption rates across the country.”

Highlights from key market performers in March 2012 in local currency (year-on-year comparisons):

=Tokyo, Japan, achieved the largest occupancy increase, rising 47.6% to 84.7%, followed by Shanghai, China (+11.5% to 64.0%), and Hanoi, Vietnam (+11.0% to 76.9).

=New Delhi, India (-7.4% to 68.8%), and Ho Chi Minh City, Vietnam (-6.5% to 71.7%), reported the largest occupancy decreases.

=Seoul, South Korea, which benefited from the second Nuclear Security Summit in March, jumped 22.1% in ADR to KRW 231,577.48, reporting the largest increase in that metric, followed by Jakarta, Indonesia, with a 18.8% increase to IDR 934,968.80.

=Osaka, Japan, fell 9.9% in ADR to JPY 10,475.66, posting the largest decrease in that metric.

=Four markets experienced RevPAR increases of more than 20%: Tokyo (+56.9% to JPY 12,174.34); Seoul (+25.8% to KRW 185,895.42); Taipei, Taiwan (+23.0% to TWD 4,798.63); and Jakarta (+20.8% to IDR 691,744.20).

=New Delhi fell 12.2% in RevPAR to INR 6,044.08, reporting the only double-digit decrease in that metric.

Highlights from key market performers for March 2012 in US dollars (year-on-year comparisons):

=Seoul rose 18.9% in ADR to US$ 204.02, achieving the largest increase in that metric, followed by Beijing, China, with a 15.2% increase to US$ 117.39.

=Mumbai fell 17.5% in ADR to US$ 160.01, posting the largest decrease in that metric.

=Four markets experienced RevPAR increases of more than 20%: Tokyo (+58.0% to US$ 147.96); Taipei (+22.7% to US$ 162.34); Seoul (+22.5% to US$ 163.77); and Beijing (+20.6% to US$ 87.33).

=New Delhi reported the largest RevPAR decrease, falling 23.5% to US$ 116.05.


Share This Article


COMMENTS

Today's Columnists

Flagging belief in freedom’s bells

8 February 2016

Much ado about nothing? The singing of the national anthem in Tamil on 4 February has generated controversy, constitutional invocations, and no small measure of churlishness, in some quarters of ‘civil’ society. After 68 years of freed...


Central Bank’s clarification on EPF has unwittingly refuted Prime Minister and Minister of Finance?

8 February 2016

   Selective response by EPF to concerns raised The Central Bank has issued a clarification, carried by Daily FT in its print edition of 1 February 2016, on the Monetary Board’s alleged failure to publish the annual ...


Excess transhipment port capacity and ghost ports

8 February 2016

Excess transhipment port capacity and ghost ports Excess port capacity, over and above national demand requirements, is created for three reasons. First is the economy of scale, as well as the infamous economic law of Jean-Baptiste Say according...


Divorce to Davos!

6 February 2016

Just over a year ago Sri Lanka had all but divorced herself from the rest of the world. She had tightened a seat belt and was on the fast lane cruising at 100 mph down ‘Harare Street’ – final destination – ‘Mugabeland...


Columnists More