LONDON—Hotels in the Asia/Pacific region experienced mixed results in the three key performance metrics for September 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 fell 1.1 percent to 67.5 percent, its average daily rate rose 3.7 percent to US$140.44 and its revenue per available room was up 2.5 percent to US$94.74.
“New Zealand hosted—and won—the Rugby World Cup last year, which took place 9 September to 23 October 2011, explaining the more than 30-percent decline in ADR and RevPAR results during September”, said Elizabeth Randall Winkle, managing director of STR Global. “Ignoring last year’s strong event-driving performance, RevPAR for the January to September period year to date is greater than the last peak in 2008. Year-to-September 2012 achieved a RevPAR of NZD93.68 compared to NZD92.30 for YTD 2008”.
“Jakarta, Indonesia, continued its double-digit ADR growth in local currency for the 15th consecutive month. ADR growth benefited from strong demand increases, as September this year and last year saw the highest growth in monthly demand in the last 21 months”, she said.
Highlights from key market performers in September 2012 in local currency (year-over-year comparisons):
Jakarta reported the largest occupancy increase, rising 13.9 percent to 80.0 percent, followed by Hanoi, Vietnam, with a 13.3 percent increase to 64.3 percent.
Taipei, Taiwan, fell 10.1 percent in occupancy to 63.7 percent, posting the largest decrease in that metric.
Jakarta achieved the largest ADR increase, rising 23.1 percent to IDR1,001,527.24, followed by Tokyo, Japan, with a 11.4 percent increase to JPY14,526.98.
Auckland, New Zealand, experienced the largest ADR (-40.6 percent to NZD133.08) and RevPAR (-42.3 percent to NZD93.36) decreases for the month.
Jakarta rose 40.1 percent in RevPAR to IDR801,622.64, reporting the largest increase in that metric.
Highlights from key market performers for September 2012 in U.S. dollars (year-over-year comparisons):
Three markets experienced double-digit ADR increases: Jakarta (+14.6 percent to US$104.36); Taipei (+12.9 percent to US$191.31); and Seoul, South Korea (+10.3 percent to US$189.90).
Auckland reported the largest ADR decrease, falling 36.5 percent to US$110.44. The market also reported the largest RevPAR decrease, down 38.3 percent to US$77.48.
Four markets achieved RevPAR increases of more than 10 percent: Jakarta (+30.5 percent to US$83.53); Hanoi (+13.4 percent to US$67.97); Melbourne, Australia (+12.9 percent to US$140.85); and Tokyo (+10.6 percent to US$156.15).
View the global hotel review for the month of September.
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