Hotels in the Asia Pacific region experienced mostly positive results in the three key performance metrics during April 2011 when reported in US dollars, according to data compiled by STR Global.
In year-on-year measurements, the Asia Pacific region’s occupancy fell 2.1 percent to 64.7 percent, average daily rate (ADR) increased 14.6 percent to US$144, and revenue per available room (revPAR) jumped 12.2 percent to US$93.
“Asia Pacific’s overall revPAR performance continues to be driven by improvements in average room rates”, said Elizabeth Randall, Managing Director of STR Global. “Out of the 15 countries tracked in our Asia Pacific Hotel Review, only Japan, following the devastating March earthquake and tsunami, reported a decline in average room rates. Occupancy levels across the region, following a strong re-bounce last year, declined slightly compared to last year.”
“Tokyo’s demand continued to drop, reporting a 43-percent decline to 1.05 million occupied rooms for April. Osaka’s demand dropped 15 percent to 725,000 occupied rooms.
“Bangkok reported a strong bounce in occupancy this month as anti-government demonstrations had started in the Thai capital in April 2010. The next couple of months are expected to show a continuing recovery as May and June were the most impacted months last year. In the second-quarter 2010, Bangkok dropped 31 percent in revPAR compared to the second-quarter 2009,” Ms Randall added.
Bangkok experienced the largest occupancy increase, rising 36.9 percent to 59.3 percent, followed by Mumbai with a 16.5-percent increase to 66.5 percent. Tokyo fell 42.8 percent in occupancy to 46.4 percent, posting the largest decrease in that metric, followed by Osaka, Japan, which reported a 15.4-percent drop to 69.1 percent.
Osaka rose 33 percent in terms of ADR to US$144, followed by Brisbane which rose 32.4 percent to US$195, Hong Kong (+26.4 percent to US$265); Sydney (+25.4 percent to US$195); and Jakarta (+20.4 percent to US$92).
Five markets achieved revPAR increases of more than 25 percent: Bangkok (+53.6 percent to US$60); Brisbane (+30.7 percent to US$141); Hong Kong (+27.4 percent to US$215); Jakarta (+27.3 percent to US$65); and Sydney (+25.2 percent to US$159).