Hotels in the Asia/Pacific region reported mixed results in the three key performance metrics for November 2012 when reported in U.S. dollars, according to data compiled by STR Global.
In year-over-year measurements, the Asia/Pacific region’s occupancy ended the month down with a 1.1-percent decrease to 72.1 percent, its average daily rate rose 2.5 percent to US$132.25 and its revenue per available room was up 1.4 percent to US$95.34.
“For the eleven months this year (YTD), the region achieved an almost flat occupancy growth of 0.6 percent to 68.4 percent”, said Elizabeth Winkle Randall, managing director of STR Global. “Average daily rates (ADR) performed very similarly, with a 0.9-percent growth to US$129.25. The number of available rooms in the region increased only 2.9 percent YTD, the lowest increase in supply over the past six years. Demand for hotel accommodation across the region continued to rise, growing 3.5 percent YTD to more than 699 million rooms occupied YTD.
“Thailand reported a huge boost to its November results, bouncing back from the flood-impacted November performance last year”, Winkle commented. “Bangkok achieved 82.5 percent occupancy, which is the first time since 2007 that the month of November reached more than 80 percent occupancy”.
Highlights from key market performers in local currency (year-over-year comparisons):
- Bangkok, Thailand, achieved the largest increases in all three key performance metrics. The market’s occupancy rose 45.1 percent to 82.5 percent, its ADR was up 35.4 percent to THB3,082.25 and its RevPAR jumped 96.4 percent to THB2,541.74.
- Two markets experienced double-digit occupancy decreases: Mumbai, India (-14.4 percent to 64.3 percent), and Seoul, South Korea (-13.2 percent to 78.8 percent).
- Delhi, India, fell 9.8 percent in ADR to INR8,164.37, reported the largest decrease in that metric.
- Mumbai (-18.6 percent to INR5,426.43) and Delhi (-15.1 percent to INR5,593.92) reported the largest RevPAR decreases in November.
Highlights from key market performers for November 2012 in U.S. dollars (year-over-year comparisons):
- Bangkok rose 38.1 percent in ADR to US$100.28, posting the largest increase in that metric. Taipei, Taiwan, followed with an 18.4-percent increase to US$209.02.
- Delhi reported the largest ADR decrease, falling 13.5 percent to US$149.82.
- Bangkok jumped 100.3 percent in RevPAR to US$82.70, achieving the largest growth in that metric.
- Mumbai (-21.9 percent to US$99.57) and Delhi (-18.6 percent to US$102.65) ended the month with the largest RevPAR decreases.
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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