This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.  Find out more here  Close
STR Global: Asia/Pac hotel results for 2012
January 23 2013

In 2012, the Asia/Pacific region’s occupancy ended the year virtually flat with a 0.5% increase to 68.3%; its ADR increased 0.9% to $129.26; and its RevPAR was up 1.4% to $88.25.

LONDON—Hotels in the Asia/Pacific region experienced positive results in the three key performance metrics in 2012 when reported in U.S. dollars, according to data compiled by STR Global.
In 2012, the Asia/Pacific region’s occupancy ended the year virtually flat with a 0.5-percent increase to 68.3 percent, its average daily rate increased 0.9 percent to US$129.26 and its revenue per available room was up 1.4 percent to US$88.25.

“Asia/Pacific, with its 1.4 percent RevPAR increase, saw a slower growth rate in all three key performance indicators during 2012 than during 2011”, said Elizabeth Randall Winkle, managing director of STR Global. “Looking at the underlying factors of supply and demand, demand has been outpacing supply increases over the past three years, and demand grew 3.5 percent during 2012. The region’s RevPAR of US$88.24 for 2012 is just short of the US$89.71 from 2008, which represents the highest RevPAR achieved over the past 14 years.
“Out of the countries we track across the region,  Thailand and Japan had strong RevPAR improvements in local currency, highlighting their recoveries from 2011 events”, she continued. “New Zealand, on the other hand, saw the biggest drop of RevPAR across the region with 8.5-percent decline, as the performance compared against the 2011 Rugby World Cup”.

Highlights from key market performers for 2012 in local currency (year-over-year comparisons):

  • Bangkok, Thailand (+11.0 percent to 70.5 percent), and Tokyo, Japan (+10.4 percent to 82.5 percent), achieved the largest occupancy increases for the year.
  • Ho Chi Minh City, Vietnam, fell 5.4 percent in occupancy to 63.7 percent, posting the largest decrease in that metric, followed by Bali, Indonesia, with a 4.1-percent decrease to 69.8 percent.
  • Three markets experienced double-digit ADR increases: Jakarta, Indonesia (+17.9 percent to IDR930,099.39); Taipei, Taiwan (+12.0 percent to TWD5,599.24); and Tokyo (+10.2 percent to JPY14,528.61).
  • Four markets achieved RevPAR growth of more than 10 percent: Tokyo (+21.6 percent to JPY11,990.11); Jakarta (+19.0 percent to IDR667,120.13); Bangkok (+16.9 percent to THB2,052.69); and Phuket, Thailand (+10.9 percent to THB2,851.38).
  • Auckland, New Zealand, reported the largest ADR (-13.9 percent to NZD136.42) and RevPAR (-15.1 percent to NZD102.62) decreases for the year.

Highlights from key market performers for 2012 in U.S. dollars (year-over-year comparisons):

  • Taipei rose 11.9 percent in ADR to US$189.38, reporting the largest increase in that metric.
  • Delhi, India (-16.7 percent to US$141.91), and Mumbai, India (-14.9 percent to US$149.05), posted the largest decreases for the year.
  • Four markets experienced RevPAR growth of more than 10 percent: Tokyo (+19.8 percent to US$149.56); Bangkok (+15.8 percent to US$65.95); Jakarta (+11.3 percent to US$70.75); and Phuket (+10.6 percent to US$91.80).
  • Delhi fell 17.2 percent in RevPAR to US$88.34, reporting the largest decrease in that metric.

In December 2012, the Asia/Pacific region reported a 0.2-percent increase in occupancy to 66.6 percent, it rose 1.2 percent in ADR to US$133.00 and it was up 1.4 percent in RevPAR to US$88.64.

View the global hotel review for the month of December.

Media contacts

Konstanze Auernheimer
Director of Marketing & Analysis
STR Global
+44 (0)207 922 1961

Jeff Higley
VP, Digital Media & Communications
+1 (615) 824-8664 ext. 3318

Rachael Spann Urie
Director, Public Relations
+1 (615) 824-8664 ext. 3305


Login or enter a name   Post Your Comment  Check to follow this thread via email alerts (must be logged in)
(4000 characters max)

Comments that include links or URLs will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff

ADR, not occupancy, drives RevPAR, study finds
6 insights about hotels from Ivanka Trump
How Choice Hotels is redefining itself
Diligence drives revenue management alignment
Berg brings renewed ‘focus’ to Carlson
KHP not averse to branching beyond Kimpton
ARC Trust’s growth has endgame in mind
Smooth sailing so far in ABF migration
Charlestowne sees rising tide for indies
Video: Hunter Conference Day One recap
Video: Hunter Conference Day Two recap
Housing woes cited in short-term rental debate
Who really won the LA minimum wage fight
‘Money mavericks’ talk top challenges in NYC
Hotel chains work to make Chinese feel at home
US hotel openings list
Global hotel pulse: Europe news
Contact Us
Hotel News Now
18500 Lake Rd.
Suite 310
Rocky River, Ohio 44116
Copyright © 2004 - 2015 Hotel News Now, a division of STR, Inc. All Rights Reserved.   Privacy