LONDON—Hotels in the Asia/Pacific region experienced increases in all three key performance metrics for May 2010 when reported in U.S. dollars, according to data compiled by STR Global.
In year-over-year measurements, the Asia/Pacific region’s occupancy rose 15.3 percent to 63.1 percent, average daily rate increased 8.6 percent to US$125.52, and revenue per available room jumped 25.2 percent to US$79.24.
Highlights from key market performers for May 2010: (year-over-year comparisons, all currency in U.S. dollars)
• Shanghai, China, experienced the largest occupancy increase, rising 55.0 percent to 71.7 percent, followed by Beijing, China (+34.4 percent to 65.3 percent); Hong Kong, China (+28.7 percent to 78.3 percent); and Osaka, Japan (+27.8 percent to 77.3 percent).
• Bangkok, Thailand, posted the only occupancy decrease, falling 38.4 percent to 26.2 percent.
• Shanghai reported the largest ADR increase, up 29.3 percent to US$142.52.
• Four markets reported ADR decreases: Bangkok (-11.9 percent to US$76.77); New Delhi, India (-7.7 percent to US$148.37); Osaka (-5.9 percent to US$119.95); and Mumbai, India (-4.4 percent to US$171.84).
• Shanghai’s RevPAR soared 100.5 percent to US$102.18, reporting the largest increase in that metric. Three other markets posted RevPAR increases of more than 40 percent: Hong Kong (+51.9 percent to US$145.58); Beijing (+45.4 percent to US$62.74); and Kuala Lumpur, Malaysia (+40.4 percent to US$71.65).
• Bangkok reported the only RevPAR decrease, falling 45.8 percent to US$20.10.
Performances of key countries in May 2010 (all monetary units in local currency):
|
Country
|
Occupancy
|
% change
|
ADR
|
% change
|
RevPAR
|
% change
|
|
Australia
|
69.8%
|
+5.4%
|
AUD160.27
|
+0.6%
|
AUD111.80
|
+6.1%
|
|
China
|
61.3%
|
+27.8%
|
CNY774.01
|
+17.0%
|
CNY474.75
|
+49.5%
|
|
India
|
57.2%
|
+14.8%
|
INR5879.55
|
-4.3%
|
INR3363.59
|
+9.9%
|
|
Japan
|
72.7%
|
+11.1%
|
JPY13751.83
|
-3.8%
|
JPY9994.48
|
+6.9%
|
|
Singapore
|
84.7%
|
+30.8%
|
SGD266.56
|
+13.5%
|
SGD225.70
|
+48.5%
|
*percentages are increases/decreases for May 2010 vs. May 2009
“The Asia Pacific region continues to lead the RevPAR recovery of the global regions and it is good to see that both occupancy and average daily rate improved since the beginning of the year”, said Elizabeth Randall, STR Global’s managing director. “The RevPAR growth rate slowed slightly from 29 percent in March and 26 percent in April to now 25 percent in May, which is a still impressive comeback from last year.
“The Expo 2010, which started in May, brought Shanghai the top spot of RevPAR growth (+101 percent) for May”, Randall added. “Shanghai expects 70 million visitors before the Expo’s closure at the end of October. Bangkok suffered from the political protests and travel advisories against it in April and May and reported the only RevPAR decline of key cities in Asia Pacific.”
About STR Global:
STR Global provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR Global is part of the STR family of companies and is proudly associated with STR, RRC Associates, STR Analytics, and HotelNewsNow.com. For more information, please visit www.strglobal.com.
Media contacts:
Konstanze Auernheimer
Director of Marketing
STR Global
KAuernheimer@strglobal.com
+44 (0)207 922 1961
Jeff Higley
VP, Digit Media & Communications
jeff@str.com
+1 (615) 824-8664 ext. 3318
Rachael Spann
Communications Coordinator
spann@str.com
+1 (615) 824-8664 ext. 3305
