LONDON—Hotels in the Asia/Pacific region experienced positive results in all three key performance metrics for May 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 2.3 percent to 65.5 percent, its average daily rate increased 1.0 percent to US$135.85 and its revenue per available room was up 3.3 percent to US$88.94.
“The majority of Asian markets continued to report RevPAR increases for the month”, said Elizabeth Randall, managing director of STR Global. “The Indian markets remained under pressure as the markets had to cope with increasing supply and slowing local economic conditions”.
Highlights from key market performers in May 2012 in local currency (year-over-year comparisons):
• Tokyo, Japan, reported the largest occupancy increase, rising 28.1 percent to 80.4 percent, followed by Phuket, Thailand, with a 19.0-percent increase to 60.9 percent.
• Delhi, India, fell 14.3 percent in occupancy to 51.5 percent, posting the largest decrease in that metric.
• Jakarta, Indonesia (+20.4 percent to IDR924,524.45), and Tokyo (+19.2 percent to JPY14,915.74), experienced the largest ADR increases for the week.
• Two markets posted double-digit ADR decreases: Delhi (-10.8 percent to INR6,476.82) and Hanoi, Vietnam (-10.1 percent to VND2,218,689.50).
• Four markets achieved RevPAR increases of more than 20 percent: Tokyo (+52.8 percent to JPY11,991.13); Phuket (+37.7 percent to THB2,009.08); Bangkok, Thailand (+21.3 percent to THB1,991.59); and Jakarta (+20.3 percent to IDR674,150.30).
• Delhi fell 23.6 percent in RevPAR to INR3,332.95, posting the largest decrease in that metric.
Performances of key countries in May 2012 (all monetary units in local currency):
*percentages are increases/decreases for May 2012 vs. May 2011
Highlights from key market performers for May 2012 in U.S. dollars (year-over-year comparisons):
• Tokyo increased 21.6 percent in ADR to US$188.20, reporting the largest increase in that metric, followed by Beijing (+12.0 percent to US$115.05) and Phuket (+10.5 percent to US$103.71).
• Delhi (-28.4 percent to US$114.75) and Mumbai, India (-23.7 to US$136.21), posted the largest ADR decreases in May.
• Three markets achieved RevPAR increases of more than 20 percent: Tokyo (+55.9 percent to US$151.30); Phuket (+31.5 percent to US$63.11); and Osaka (+20.2 percent to US$110.40).
• Delhi fell 38.7 percent in RevPAR to US$59.05, posting the largest decrease in that metric.
View Global Hotel Review for May.
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