Business for Asia Pacific Hotels dips in October

According to data compiled by STR Global, hotels in the Asia Pacific region experienced slight decreases in all three key performance metrics for October 2012 when reported in US Dollars.

In year-on-year measurements, the Asia Pacific region’s occupancy ended the month virtually flat, with a 0.2% decrease to 70.9%, its American Depositary Receipt (ADR) fell 0.6% to US$ 135.51 and its RevPAR was down 0.8% to US$ 96.08.

“We are delighted that China is the second biggest country in our sample,” said Managing Director of STR Global Elizabeth Randall Winkle.

“After the UK, with 2,900 hotels, we assist 1,900 hotels in China with our benchmarking reports and market analysis. For the month of October, China reported 67% occupancy and US$ 111 ADR. Both key performance indicators were below the Asia Pacific average of 71% occupancy and US$136 ADR. Whilst supply growth has slowed across China to 3.5% for year to October, the room stock continued to increase at a higher rate than the regional 2.9%, which negatively impacted the country’s performance.”

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

Bangkok, Thailand, reported the largest occupancy increase, rising 20.1% to 70.2%. Delhi, India, followed with a 12.1% occupancy increase to 68.5%.

Taipei, Taiwan, posted the largest occupancy decrease, falling 9.3% to 68.7%.

Four markets achieved double-digit ADR increases: Jakarta, Indonesia (+21.4% to IDR989, 081.91); Tokyo, Japan (+20.9% to JPY16, 599.58); Taipei (+14.4% to TWD5, 978.13); and Bali, Indonesia (+11.7% to IDR1, 344,455.67).

Auckland, New Zealand, reported the largest decreases in both ADR (-54.6% to NZD141.84) and RevPAR (-55.9% to NZD111.55) for the month.

Three markets experienced RevPAR increases of more than 20%: Bangkok (+28.7% to THB2, 001.16); Tokyo (21.0% to JPY14, 282.24); and Jakarta (+20.3% to IDR769, 637.95).

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

Five markets experienced double-digit ADR increases: Taipei (+17.8% to US$204.22); Tokyo (+15.2% to US$208.41); Jakarta (+11.0% to US$102.57); Phuket, Thailand (+11.0% to US$93.73); and Manila, Philippines (+10.3% to US$130.51).

Three markets achieved RevPAR increases of more than 15%: Bangkok (+29.9% to US$65.03); Phuket (+15.3% to US$67.64); Tokyo (+15.2% to US$179.32).

Auckland reported the largest ADR decrease, falling 54.6% to US$116.42. The market also experienced the largest RevPAR decrease for the month, down 55.9% to US$91.55.

STR Global now tracks hotel performance from more than 1,900 hotels across all hotel classes in China and more than 4,500 hotels throughout Asia Pacific.