LONDON—Hotels in the Asia/Pacific region experienced increases in all three key performance metrics for January 2010 when reported in U.S. dollars, according to data compiled by STR Global.
In year-over-year measurements, the Asia/Pacific region’s occupancy rose 13.9 percent to 61.0 percent, average daily rate increased 5.6 percent to US$130.75, and revenue per available room jumped 20.3 percent to US$79.81.
“Hotels in the Asia/Pacific region lead the world in terms of occupancy recovery with double-digit growth in three out of the four sub regions and Australia & Oceania improving 3.2 percent”, said Elizabeth Randall, managing director of STR Global. “The region achieved the highest occupancy of 61 percent, some 6.2 percentage points more than the Middle East/Africa region, 12.8 percentage points more than Europe and 15.5 percentage points more than the Americas. Of the 16 countries we report on our Asia/Pacific Hotel Review, only French Polynesia, Japan, the Maldives and South Korea reported occupancy declines compared with January 2009”.
Highlights from key market performers for January 2010: (year-over-year comparisons, all currency results in U.S. dollar)
Beijing, China, reported the largest occupancy increase among the markets, rising 41.9 percent to 51.0 percent, followed by Shanghai, China (+41.4 percent to 49.1 percent), and Phuket, Thailand (+32.7 percent to 86.0 percent).
Bali, Indonesia, posted the largest occupancy decrease, falling 7.6 percent to 68.7 percent, followed by Seoul, South Korea, with a 7.1-percent decrease to 69.5 percent.
Three markets experienced ADR increases of more than 30 percent: Brisbane, Australia (+35.9 percent to US$127.91); Melbourne, Australia (+33.3 percent to US$166.61); and Sydney, Australia (+31.8 percent to US$150.48).
Mumbai, India, ended the month with the largest ADR decrease, falling 8.0 percent to US$192.79.
Beijing experienced the largest RevPAR increase, jumping 48.4 percent to US$46.54. Sydney (+41.6 percent to US$116.76) and Shanghai (+41.1 percent to US$51.78) also reported large RevPAR increases.
Two markets posted RevPAR decreases: Osaka, Japan (-7.4 percent to US$79.96), and Bali (-4.2 percent to US$86.32).
Performances of key countries in January 2010 (all monetary units in local currency):
Country |
Occupancy |
% change |
ADR |
% change |
RevPAR |
% change |
Australia |
70.2% |
+1.1% |
AUD168.96 |
-2.9% |
AUD118.53 |
-1.8% |
China |
53.6% |
+28.2% |
CNY764.52 |
+2.1% |
CNY410.12 |
+30.9% |
India |
63.9% |
+17.2% |
INR7349.85 |
-8.1% |
INR4697.13 |
+7.7% |
Japan |
60.1% |
-1.0% |
JPY13074.86 |
-5.3% |
JPY7862.73 |
-6.2% |
Singapore |
78.5% |
+22.8% |
SGD242.64 |
-6.8% |
SGD190.42 |
+14.5% |
*percentages are increases/decreases for January 2010 vs. January 2009