Hotels in the Asia Pacific region experienced mostly positive results in the three key performance metrics during May 2011 when reported in US dollars, according to data compiled by STR Global. The region’s performance was driven by rising average daily rates (ADR), which increased 13.5% year-on-year to US$139. Occupancy across Asia Pacific was largely flat compared to May 2010, declining 0.2% to 64.0%, leading to a 13.3% increase in revenue per available room (revPAR), which averaged US$89.
“Supply increases outpaced demand for the first five months of this year growing 2.6% and 2%, respectively”, said Elizabeth Randall, Managing Director of STR Global. “Therefore the occupancy levels across the region are down slightly by 0.6%, year-to-date. Occupancy continued to improve across Central & South Asia, Southeastern Asia and Oceania.
“Bangkok came back strongly in May from governmental protests last year”, Randall continued. “Shanghai hosted the World Expo last year, which depressed the performance for this May. Tokyo continued to report weak performances against last year following March events.”
Bangkok achieved the largest occupancy increase, jumping 117.0% to 57.8%, followed by Phuket with a 26.2% increase to 51.5%. Two markets experienced double-digit occupancy decreases: Tokyo (-22.7% to 59.5%), and Shanghai (-21.8% to 58.5%).
Brisbane’s ADR increased 46.5% to US$212 last month, reporting the largest increase in that metric, followed by Sydney (+33.5% to US$188), and Melbourne (+30.7% to US$184). Shanghai’s ADR fell 7.0% to US$126, reporting the largest decrease in that metric.
Three markets achieved revPAR increases of more than 40%: Bangkok (+171.9% to US$55), Brisbane (+47.5% to US$172), and Melbourne (+40.2% to US$136). Shanghai (-27.3% to US$74) and Tokyo (-24.7% to US$97) experienced the largest revPAR declines.