LONDON—Hotels in the Asia/Pacific region experienced positive results in the three key performance metrics for April 2012 when reported in U.S. dollars, according to data compiled by STR Global.
In year-over-year measurements, the Asia/Pacific region’s occupancy increased 3.8 percent to 67.6 percent, its average daily rate increased 3.6 percent to US$145.01 and its revenue per available room was up 7.6 percent to US$98.07.
“Hotels across Asia/Pacific sustained their growth in occupancy and average room rate”, said Elizabeth Randall, managing director of STR Global. “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 percent) whilst demand achieved the second highest growth rate for the four-month period in the past six years with 5.3 percent 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-over-year comparisons):
- Tokyo, Japan, reported the largest occupancy increase, rising 63.0 percent to 84.8 percent, followed by Osaka, Japan, with a 22.3-percent increase to 87.0 percent.
- Ho Chi Minh City, Vietnam, fell 6.8 percent in occupancy to 64.5 percent, posting the largest decrease in that metric.
- Tokyo rose 25.3 percent in ADR to JPY14,499.46, achieving the largest increase in that metric, followed by Jakarta, Indonesia (+21.8 percent to IDR932,278.05), and Phuket, Thailand (+18.3 percent to THB3,931.25).
- New Delhi, India, fell 10.0 percent in ADR to INR7,117.90, ending the month with the only double-digit ADR decrease.
- Six markets experienced RevPAR increases of more than 20 percent: Tokyo (+104.3 percent to JPY12,294.86); Phuket (+25.8 percent to THB3,112.21); Osaka (+24.5 percent to JPY9,532.78); Taipei, Taiwan (+23.8 percent to TWD4,554.61); Jakarta (+21.4 percent to IDR656,761.02); and Beijing, China (+20.4 percent to CNY561.91).
- New Delhi (-12.8 percent to INR4,445.58) and Mumbai, India (-10.8 percent to INR4,976.59) reported the largest RevPAR decreases for the month.
Highlights from key market performers for April 2012 in U.S. dollars (year-over-year comparisons):
- Tokyo rose 27.0 percent in ADR to US$180.39, reporting the largest increase in that metric, followed by Beijing with a 17.6-percent increase to US$121.74.
- Tokyo jumped 107.0 percent in ADR to US$152.39, achieving the largest increase in that metric. Four other markets posted RevPAR increases of more than 20 percent: Osaka (+26.1 percent to US$118.60); Beijing (+23.5 percent to US$88.72); Taipei (+21.3 percent to US$155.56); and Phuket (+20.8 percent to US$99.62).
- New Delhi reported the largest decreases in ADR (-24.8 percent to US$132.85) and RevPAR (-27.2 percent to US$82.97) for the month.
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View the global hotel review for April.