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Published on : Friday, May 29, 2015
Hotels in the Asia Pacific region experienced mixed year-over-year results in the three key performance metrics during April 2015 when reported in U.S. dollars, according to data compiled by STR Global.
The region’s occupancy for April increased 1.6 percent to 69.6 percent. However, the region’s average daily rate dropped 5.6 percent to US$109.77, and its revenue per available room decreased 4.1 percent to US$76.43.
Performance by country varied significantly on a local-currency basis:
Japan saw the largest increases in ADR (+14.3 percent to JPY14,598.76) and RevPAR (+17.4 percent to JPY12,277.33). Occupancy in the country also increased 2.7 percent to 84.1 percent. The devaluation of the Japanese yen has made the country a more affordable destination, and inbound travel has increased in year-over-year comparisons.
Thailand recorded the largest increase in occupancy (+13.5 percent to 72.4 percent) and saw a double-digit rise in RevPAR (+11.5 percent to THB2,519.04). ADR in the country fell 1.8 percent to THB3,479.29. Thailand’s performance continues to improve in year-over-year comparisons, most notably in Bangkok, as the country is further removed from last year’s coup d’état.
After Japan, French Polynesia was the only other country to report a double-digit increase in ADR, up 10.1 percent to XPF39,295.22.
New Zealand posted a double-digit increase in RevPAR (+13.3 percent to NZD111.12) driven by increases in occupancy (+6.3 percent to 77.3 percent) and ADR (+6.6 percent to NZD143.81). The country has seen demand growth continue to outweigh supply growth.
Myanmar experienced the largest decreases in occupancy (-34.0 percent to 31.3 percent) and RevPAR (-37.3 percent to MMK50,758.32).
The steepest decline in ADR occurred in Malaysia, where ADR dropped 7.0 percent to MYR344.00. The country experienced double-digit decreases in occupancy (-11.0 percent to 58.1 percent) and RevPAR (-17.2 percent to MYR199.97).
China reported an increase in occupancy (+1.6 percent to 67.9 percent) but decreases in ADR (-3.2 percent to CNY554.42) and RevPAR (-1.7 percent to CNY376.26). The country’s results were affected by performance declines in Hong Kong, a market which continues to see a decrease in government spending.
Highlights from key market performers for April 2015 in local currency (year-over-year comparisons):
Source: STR Global.