LONDON—Hotels in the Asia/Pacific region experienced positive results in all three key performance metrics for June 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 1.8 percent to 66.2 percent, its average daily rate increased 5.4 percent to US$136.87 and its revenue per available room was up 7.3 percent to US$90.66.
Year-to-date 2012 the region reported a 2.3-percent occupancy increase to 66.0 percent, a 3.3-percent rise in ADR to US$141.38 and a 5.7 percent growth in RevPAR to US$93.26.
“The first six months of 2012 saw overall moderate growth in occupancy and ADR for most months”, said Elizabeth Randall, managing director at STR Global. “The increases have helped to bring the region back on par with the first half performance in 2008, before the worldwide financial and economic downturn made its full impact felt. The region matched its 66 percent occupancy and was just US$0.38 below its 2008 first half ADR performance. As the region experienced a continuous increase in new hotel supply, growing with a 3.2 percent compound annual growth rate (CAGR) between the first six months 2008 and 2012, demand has kept pace with a 3.1 percent CAGR”.
Highlights from key market performers in June 2012 in local currency (year-over-year comparisons):
- Hanoi, Vietnam, reported the largest occupancy increase, rising 13.1 percent to 61.8 percent, followed by Shanghai, China (+11.3 percent to 62.7 percent), and Phuket, Thailand (+10.2 percent to 59.3 percent).
- Manila, Philippines, fell 6.3 percent in occupancy to 65.2 percent, posting the largest decrease in that metric.
- Three markets experienced ADR increases of more than 20 percent: Jakarta, Indonesia (+26.8 percent to IDR967,559.38); Tokyo, Japan (+22.3 percent to JPY14,796.58); and Taipei, Taiwan (+20.9 percent to TWD6,805.68).
- Delhi, India, reported the largest ADR (-5.6 percent to INR6,520.52) and RevPAR (-10.8 percent to INR3,321.20) decreases for the month.
- Five markets achieved RevPAR increases of more than 20 percent: Jakarta (+31.2 percent to IDR749,897.41); Tokyo (+29.9 percent to JPY11,731.01); Taipei (+28.1 percent to TWD5,015.50); Phuket (+26.3 percent to THB1,875.44); and Kuala Lumpur, Malaysia (+21.1 percent to MYR316.38).
Highlights from key market performers for June 2012 in U.S. dollars (year-over-year comparisons):
- Tokyo reported the largest ADR increase, up 24.5 percent to US$186.03, followed by Taipei (+16.6 percent to US$227.08) and Jakarta (+15.4 percent to US$102.17).
- Three markets achieved RevPAR increases of more than 20 percent: Tokyo (+32.3 percent to US$147.48); Taipei (+23.6 percent to US$167.35); and Phuket (+22.9 percent to US$59.06).
- Delhi reported the largest ADR decrease, falling 23.8 percent to US$115.97. The market also reported the largest RevPAR decrease, dropping 28.0 percent to US$59.07.
View the Global Hotel Review for June.
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