Hotels in the Asia Pacific region experienced declining rates and revPAR in April 2015.
According to the latest monthly data from STR Global, the region’s average daily rate (ADR) fell 5.6% to US$109.77 during the month. Occupancy levels did improve slightly, rising 1.6% to 69.6%, but revPAR (revenue per available room) dropped 4.1% to US$76.43.
The region’s fortunes varied significantly from country to country, with Japan seeing the strongest growth in terms of ADR (+14.3% to JPY14,599, or approx. US$118) and revPAR (+17.4% to JPY12,277), while Thailand recorded the largest occupancy increase (+13.5% to 72.4%) and double-digit revPAR growth (+11.5% to THB2,519, approx. US$74).
New Zealand (+13.3% to NZ$111, approx. US$80) also posted double-digit revPAR growth.
But the sharpest ADR decline as seen in Malaysia (-7.0% to MYR244, approx. US$67), while Myanmar saw the largest decreases in terms of both occupancy (-34.0% to 31.3%) and revPAR (-37.3% to MMK50,758, approx. US$40).
In terms of the region’s major markets, China saw rising occupancy (+1.6% to 67.9%) but declining ADR (-3.2% to CNY554, approx. US$90) and revPAR (-1.7% to CNY376), while India’s occupancy surged 8.8% to 61.7%, driving an 8.1% rise in revPAR, to INR3,331 (approx. US$52).
In Australia, small increases in occupancy and rates pushed revPAR up 4.1% to AU$133 (approx. US$102), but in Singapore, rates and occupancy both declined, causing a 7.8% drop in revPAR, to SG$225 (approx. US$167).
Kuala Lumpur saw sharpest declines in occupancy (-12.3% to 61.7%) and revPAR (-18.0% to MYR225), while Hong Kong experienced the region’s only double-digit ADR drop (-10.9% to HK$1,623, approx. US$209).