Hotels in the Asia Pacific region continued to see strong growth in April 2012.
According to the latest data from STR Global, the region’s average hotel occupancy climbed 3.8% year-on-year to 67.6%, while average daily rates (ADR) rose 3.6% to US$145. This allowed region-wide revenue per available room (revPAR) to jump 7.6% to US$98.
While April’s ADR growth rate wasn’t as strong as in previous months, STR Global’s Managing Director Elizabeth Randall noted that demand for hotels in Asia continued to surge, despite a slight slowdown in the number of new hotel rooms entering the market.
“Looking at the supply and demand results for the first four months of this year, supply grew at the lowest rate for the January to April period for the past six years (+2.8%) whilst demand achieved the second highest growth rate for the four-month period in the past six years with 5.3% improvement, only surpassed by the demand growth in the corresponding period in 2010,” Ms Randall said.
In terms of occupancy, Japanese cities reported some of the highest growth last month, recovering from the poor performance in April 2011 in the aftermath of the March 2011 natural disasters. Tokyo’s occupancy surged 63.0% year-on-year to 84.8%, followed by Osaka (+22.3% to 87.0%). Ho Chi Minh City saw the largest drop in occupancy, falling 6.8% to 64.5%.
Tokyo’s rebound also saw the city achieved the highest ADR gains, with rates jumping 27.0% in ADR to US$180.39. New Delhi reported the largest drop in ADR, falling 24.8% to US$133).
