Asia’s hotels recorded rising occupancy and room rates in June 2012, and for the first six months of 2012.
According to the latest data from STR Global, the Asia Pacific region’s average occupancy climbed 1.8% year-on-year to 66.2% in June 2012, while average daily rates (ADR) rose 5.4% to US$137. This pushed revenue per available room (revPAR) up 7.3% to US$91.
For the first six months of the year, the region’s occupancy has climbed 2.3% to 66.0%, while ADR increased 3.3% to US$141. RevPAR climbed 5.7% to US$93 – lower than the Middle East & Africa (US$98) but higher than Europe and the Americas (both US$66).
“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% 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% compound annual growth rate (CAGR) between the first six months 2008 and 2012, demand has kept pace with a 3.1% CAGR”.
In June 2012, the largest occupancy growth was seen in Hanoi (+13.1% to 61.8%), Shanghai (+11.3% to 62.7%) and Phuket (+10.2% to 59.3%). Manila fell 6.3% in occupancy to 65.2%, posting the largest occupancy drop last month.
Still recovering from the affects of last year’s natural disasters, Tokyo reported the largest ADR increase, up 24.5% to US$186, followed by Taipei (+16.6% to US$227) and Jakarta (+15.4% to US$102). Delhi reported the largest ADR drop, falling 23.8% to US$116.
