Positive results for Asia Pacific hotels in November

Friday, 30 December 2011 00:01 - - {{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 during November 2011 when reported in U.S. dollars.

In year-on-year measurements, the Asia Pacific region’s occupancy increased 2.1% to 71.9%, its ADR increased 4.7% to US$143.08 and its RevPAR was up 6.9% to US$102.89.

“Natural disasters dominated the news and affected hotel performance in the region over the past 11 months,” said Elizabeth Randall, managing director of STR Global. “Despite this, demand across the region (+2.9% YTD) increased each month apart from March (-1.0%). With hotel performance continuing to pick up in November, year-to-date performance showed a 10.4% RevPAR increase to US$93.65.”

Highlights from key market performers for November 2011 in local currency (year-on-year comparisons):

Mumbai, India, increased 15.6% in occupancy to 75.3%, posting the largest increase in that metric, followed by Shanghai, China, with a 14.2% increase to 65.9%.

Bangkok, Thailand, fell 16.3% in occupancy to 55.1%, reporting the largest decrease in that metric.

Hong Kong achieved the largest ADR increase, rising 21.8% to HK$2,180.37, reporting the largest increase in that metric, followed by Jakarta, Indonesia (+19.3% to IDR883,724.37), and Bali, Indonesia (+18.9% to IDR1,339,273.76).

Two markets posted double-digit ADR decreases: Bangkok (-18.2% to THB2,460.66) and New Delhi (-11.7% to INR9,188.34).

Three markets experienced RevPAR increases of more than 20%: Bali (+29.0% to IDR986,756.27); Jakarta (+27.3% to IDR731,977.56); and Hong Kong (+23.4% to HK$1,974.25).

Bangkok (-31.5% to THB1,356.05) and New Delhi (-15.8% to INR6,707.27) posted the largest RevPAR decreases.

Highlights from key market performers for November 2011 in U.S. dollars (year-on-year comparisons):

Hong Kong rose 21.4% in ADR to US$279.78, reporting the largest increase in that metric, followed by Jakarta (+18.6% to US$96.24) and Bali (+18.1% to US$145.85).

New Delhi (-22.0% to US$175.81) and Bangkok (-20.9% to US$78.50) ended the month with the largest ADR decreases.

Four markets achieved RevPAR increases of more than 20%: Bali (+28.2% to US$107.46); Jakarta (+26.4% to US$79.71); Beijing (+23.2% to US$79.99); and Hong Kong (+22.9% to US$253.33).

Two markets experienced RevPAR decreases of more than 25%: Bangkok (-33.8% to US$43.26) and New Delhi (-25.6% to US$128.34).