The Asia Pacific hotel sector experienced rising rates and occupancy in January 2016.
According to the latest monthly data from STR Global, released on Thursday, the region’s occupancy climbed 3.5% to 66.1% last month, while average daily rate (ADR) edged up 0.4% to US$104.60. This pushed revenue per available room (revPAR) up 4.0% to US$69.15.
Strong performances were seen in Japan, where double-digit ADR growth (+10.3% to JPY14,084, or approx. US$126) drove a 10.5% increase in revPAR, to JPY10,442; and India, where occupancy growth (+4.7% to 66.1%) was the main contributor to a 5.1% revPAR increase, to INR4,082 (approx. US$59). India’s occupancy was the highest for any January in the country since 2008.
In Myanmar however, an 8.0% rise in ADR, to MMK203,850 (or approx. US$162), failed to offset an 11.9% drop in occupancy, which fell to just 49.9%. This caused revPAR to slide 4.8% to MMK101,719. STR Global noted that demand for hotel rooms in the country has now decreased for 17 consecutive months.
In terms of cities, Bangkok posted increases across all three performance metrics: occupancy (+4.5% to 80.6%), ADR (+3.1% to THB3,548, or approx. US$99) and revPAR (+7.8% to THB2,859), while in Ho Chi Minh City, rising ADR (+6.9% to VND2.70 million, or approx. US$120) offset falling occupancy to drive a 4.3% increase in revPAR, to VND1.93m. This was the highest revPAR on record for any January in HCMC.
Jakarta however, reported declining occupancy (-6.2% to 49.5%), ADR (-2.1% to IDR1.12m, or approx. US$83) and revPAR (-8.1% to IDR552,866).
The January results follow an almost flat year for the Asia Pacific hotel sector in 2015, when the region experienced a 0.1% increase in occupancy to 68.2%, a 0.5% dip in ADR to US$108.79, and a 0.4% decline in revPAR to US$74.25.
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