Published on : Monday, December 23, 2013
The region’s occupancy ended the month with a 1.1-percent increase to 72.4 percent; its average daily rate dropped 4.9 percent to US$123.13; and its revenue per available room was down 3.8 percent to US$89.12.
“Asia Pacific’s RevPAR decline has been driven by rate. However, it should be noted that the RevPAR decline began in 2012 as demand started to flatten”, said Elizabeth Winkle, STR Global’s managing director.
“Southeast Asia remains as the only positive performer in the region”, Winkle said, “with countries such as Thailand and Indonesia performing well, off the back of some increased travel from China”.
Highlights from key market performers for November 2013 in local currency (year-over-year comparisons):
• Mumbai, India, led occupancy growth, rising 9.5 percent to 70.3 percent.
• Hanoi, Vietnam, fell 8.4 percent in occupancy to 71.3 percent, posting the largest decrease in that metric. Auckland, New Zealand, followed with a 6.3-percent occupancy decrease to 80.7 percent.
• Jakarta, Indonesia (+14.4 percent to IDR1,148,754.18); Tokyo, Japan (+11.3 percent to JPY16,675.98); and Bali, Indonesia (+11.3 percent to IDR1,406,592.51), experienced ADR increases of more than 10 percent.
• Delhi, India, fell 7.2 percent in ADR to INR7,652.22, posting the largest decrease in that metric.
• Three markets experienced double-digit RevPAR growth: Tokyo (+17.4 percent to JPY15,489.94); Jakarta (+12.9 percent to IDR904,593.15); and Osaka, Japan (+11.4 percent to JPY11,095.37).
Source: STR Global.