LONDON—Hotels in the Asia/Pacific region experienced increases in all three key performance metrics during January 2011 when reported in U.S. dollars, according to data compiled by STR Global.
In year-over-year measurements, the Asia/Pacific region’s occupancy ended the month virtually flat with a 0.2-percent increase to 62.0 percent, average daily rate increased 14.6 percent to US$144.85, and revenue per available room jumped 14.9 percent to US$89.74.
“This is the first time we saw a less than 1 percent occupancy increase since October 2009; however, this reflects the strong bounce the region had in 2010 more than any weakness in the market”, said Elizabeth Randall, managing director of STR Global. “Rate growth remained strong in January 2011. Looking at the markets, Australia, despite having still to struggle with unprecedented flooding in January, reported only slight declines in occupancy for the month. Hong Kong had a strong start into the new year; with occupancy levels of around 80 percent, the market’s ADR rose 24 percent in local currency. The weakening of the Hong Kong dollar against other Asian currencies continues to make the destination more attractive to visitors”.
Highlights from key market performers for January 2011 in local currency: (year-over-year comparisons)
• Hong Kong reported the largest ADR increase, rising 24.0 percent to HKD1814.74, followed by Jakarta (+16.3 percent to IDR797037.25) and Bali (+15.4 percent to IDR1370198.00).
• Three markets achieved RevPAR increases of more than 20 percent: Bali (+27.1 percent to IDR1012670.92); Jakarta (+25.5 percent to IDR501875.00); and Hong Kong (+21.3 percent to HKD1451.74).
Performances of key countries in January 2011 (all monetary units in local currency):
|
Country
|
Occupancy
|
% change
|
ADR
|
% change
|
RevPAR
|
% change
|
|
Australia
|
69.0%
|
-0.2%
|
AUD177.68
|
+4.1%
|
AUD122.59
|
+3.8%
|
|
China
|
54.1%
|
-3.2%
|
CNY802.81
|
+8.4%
|
CNY434.13
|
+5.0%
|
|
India
|
64.6%
|
+1.7%
|
INR7070.33
|
-2.0%
|
INR4565.41
|
-0.3%
|
|
Japan
|
65.1%
|
+3.1%
|
JPY11559.79
|
+3.8%
|
JPY7520.69
|
+7.1%
|
|
Singapore
|
80.7%
|
+2.9%
|
SGD292.76
|
+22.0%
|
SGD236.23
|
+25.6%
|
*percentages are increases/decreases for January 2011 vs. January 2010
Highlights from key market performers for January 2011: (year-over-year comparisons, all currencies in U.S. dollars)
• Bali, Indonesia, experienced the only double-digit occupancy increase, rising 10.1 percent to 73.9 percent, followed by Jakarta, Indonesia, with a 7.9-percent increase to 63.0 percent.
• New Delhi, India, reported the largest occupancy decrease, falling 12.9 percent to 63.7 percent. The market also experienced the only decreases in ADR (-1.0 percent to US$186.29) and RevPAR (-13.8 percent to US$118.75) for the month.
• Three markets achieved ADR increases of more than 20 percent: Sydney, Australia (+24.0 percent to US$188.31); Hong Kong, China (+23.6 percent to US$232.92); and Jakarta (+20.2 percent to US$87.20).
• Bali reported the largest RevPAR increase, jumping 31.4 percent to US$110.79. Two other markets experienced RevPAR increases of more than 25 percent: Jakarta (+29.7 percent to US$54.91) and Sydney (+28.2 percent to US$150.56).
View Global Hotel Review for January 2011.
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.
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