Asia Pacific hotels enjoy positive results in April

Thursday, 24 May 2012 01:37 -     - {{hitsCtrl.values.hits}}

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

In year-on-year measurements, the Asia Pacific region’s occupancy increased 3.8% to 67.6%, its ADR increased 3.6% to US$145.01 and its RevPAR was up 7.6% to US$98.07.

“Hotels across Asia Pacific sustained their growth in occupancy and average room rate,” said STR Global Managing Director Elizabeth Randall. “Looking at the supply and demand results for the first four months of this year, supply grew at the lowest rate for the January to April period for the past six years (+2.8%) whilst demand achieved the second highest growth rate for the four-month period in the past six years with 5.3% improvement, only surpassed by the demand growth in the corresponding period in 2010.”

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

  • Tokyo, Japan, reported the largest occupancy increase, rising 63.0% to 84.8%, followed by Osaka, Japan, with a 22.3% increase to 87.0%.
  • Ho Chi Minh City, Vietnam, fell 6.8% in occupancy to 64.5%, posting the largest decrease in that metric.
  • Tokyo rose 25.3% in ADR to JPY 14,499.46, achieving the largest increase in that metric, followed by Jakarta, Indonesia (+21.8% to IDR 932,278.05), and Phuket, Thailand (+18.3% to THB 3,931.25).
  • New Delhi, India, fell 10.0% in ADR to INR 7,117.90, ending the month with the only double-digit ADR decrease.
  • Six markets experienced RevPAR increases of more than 20%: Tokyo (+104.3% to JPY 12,294.86); Phuket (+25.8% to THB 3,112.21); Osaka (+24.5% to JPY 9,532.78); Taipei, Taiwan (+23.8% to TWD 4,554.61); Jakarta (+21.4% to IDR 656,761.02); and Beijing, China (+20.4% to CNY 561.91).
  • New Delhi (-12.8% to INR 4,445.58) and Mumbai, India (-10.8% to INR 4,976.59) reported the largest RevPAR decreases for the month.

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

  • Tokyo rose 27.0% in ADR to US$ 180.39, reporting the largest increase in that metric, followed by Beijing with a 17.6% increase to US$ 121.74.
  • Tokyo jumped 107.0% in ADR to US$ 152.39, achieving the largest increase in that metric. Four other markets posted RevPAR increases of more than 20%: Osaka (+26.1% to US$ 118.60); Beijing (+23.5% to US$ 88.72); Taipei (+21.3% to US$ 155.56); and Phuket (+20.8% to US$ 99.62).
  • New Delhi reported the largest decreases in ADR (-24.8% to US$ 132.85) and RevPAR (-27.2% to US$ 82.97) for the month.