LONDON—Hotels in the Asia/Pacific region experienced mixed results in the three key performance metrics in January 2013 when reported in U.S. dollars, according to data compiled by STR Global.
In January, the Asia/Pacific region’s occupancy ended the month with a 7.7-percent increase to 65.2 percent, its average daily rate decreased 6.3 percent to US$130.39 and its revenue per available room was up 1.0 percent to US$85.00.
“Despite having a 6.3-percent ADR decline in U.S. dollars for January 2013, the occupancy increase of 7.7 percent for the month helped the region achieve a positive RevPAR growth of 1 percent in USD”, said Elizabeth Randall Winkle, managing director of STR Global. “For Central and South Asia, India is driving down the ADR with a drop of 9.3 percent USD for the month of January. Northeast Asia, which includes the regions of China and Japan, had their year-over-year changes impacted by the Chinese New Year. In 2013, the celebrations were held entirely in February, whereas in 2012 it was split between January and February. Overall, Northeast Asia saw an ADR decline of 11.2 percent in USD”.
Highlights from key market performers for January in local currency (year-over-year comparisons):
Four markets experienced occupancy increases of more than 20 percent: Ho Chi Minh City, Vietnam (+37.6 percent to 76.3 percent); Shanghai, China (+33.3 percent to 57.7 percent); Hanoi, Vietnam (+28.4 percent to 68.0 percent); and Beijing, China (+23.5 percent to 63.5 percent).
Bali, Indonesia, posted the only double-digit occupancy decrease, falling 19.5 percent to 61.3 percent.
Taipei, Taiwan (+23.1 percent to TWD5,961.48), and Jakarta, Indonesia (+21.8 percent to IDR1,026,606.50) experienced the largest ADR increases for the month.
Delhi, India, fell 11.4 percent in ADR to INR7,337.10, posting the largest decrease in that metric.
Three markets achieved RevPAR increases of more than 30 percent: Shanghai (+37.1 percent to CNY345.54); Beijing (+34.8 percent to CNY388.30); and Ho Chi Minh City (+34.7 percent to VND2,029,368.15).
Highlights from key market performers for January in U.S. dollars (year-over-year comparisons):
Taipei achieved the largest ADR increase, rising 24.3 percent to US$201.70.
Delhi (-16.6 percent to US$137.30) and Osaka, Japan (-14.1 percent to US$111.94), posted the largest ADR decreases for the month.
Three markets experienced RevPAR increases of more than 35 percent: Shanghai (+37.4 percent to US$54.95); Ho Chi Minh City (+36.6 percent to US$97.45); and Beijing (+35.1 percent to US$61.75).
Delhi fell 19.6 percent in RevPAR to US$86.66, reporting the largest decrease in that metric.
View the global hotel review for the month of January.
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