Mixed August 2013 Performance for Hotel Industry in Asia Pacific Region
Hotels in the Asia Pacific region experienced mixed results in the three key performance metrics during August 2013 when compared with August 2012 and reported in U.S. dollars, according to data compiled by STR Global.
The region’s occupancy ended the month with a 3.0-percent increase to 71.8 percent, its average daily rate dropped 5.3 percent to US$119.88, and its revenue per available room was down 2.5 percent to US$86.09.
Highlights from key market performers for August 2013 in local currency (year-over-year comparisons):
- Kuala Lumpur, Malaysia, reported the largest occupancy increase, rising 17.1 percent to 78.8 percent. Ho Chi Minh City, Vietnam, followed with a 15.0-percent increase to 64.3 percent.
- Manila, Philippines, fell 4.1 percent in occupancy to 62.3 percent, posting the largest decrease in that metric.
- Three markets experienced double-digit ADR increases: Jakarta, Indonesia (+19.0 percent to IDR1,092,154.58); Kuala Lumpur (+13.0 percent to MYR391.10); and Osaka, Japan (+11.0 percent to JPY12,145.94).
- Ho Chi Minh City fell 6.3 percent in ADR to VND2,491,250.62, reporting the largest decrease in that metric.
- Four markets achieved RevPAR increases of more than 15 percent: Jakarta (+34.6 percent to IDR640,472.30); Kuala Lumpur (+32.3 percent to MYR308.20); Bangkok, Thailand (+23.4 percent to THB2,518.45); and Melbourne, Australia (+15.9 percent to AUD154.48).
- Seoul, South Korea, fell 7.7 percent in RevPAR to KRW162,929.03, posting the largest decrease in that metric.
Highlights from key market performers for August in U.S. dollars (year-over-year comparisons):
- Kuala Lumpur rose 7.2 percent in ADR to US$118.64, reporting the largest increase in that metric. Bangkok followed with a 6.5-percent increase to US$97.24.
- Mumbai, India (-21.3 percent to US$102.49), and Delhi-NCR, India (-19.4 percent to US$88.84), experienced the largest ADR decreases in August.
- Three markets achieved double-digit RevPAR increases: Kuala Lumpur (+25.6 percent to US$93.49); Bangkok (+20.8 percent to US$78.25); and Jakarta (+17.7 percent to US$58.48).
- Delhi-NCR fell 17.9 percent in RevPAR to US$44.84, reporting the largest decrease in that metric.
About STR Global:
STR Global provides clients-including hotel operators, developers, financiers, analysts and suppliers to the hotel industry-access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia/Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, segmentation data, forecasts, annual profitability, pipeline and census information. Hotel operators can join the surveys on a complimentary basis and benefit from free industry data. STR Global is part of the STR family of companies and is proudly associated with STR, RRC Associates, STR Analytics and HotelNewsNow.com. For more information, please visit www.strglobal.com.
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