Hotels in the Asia Pacific region experienced
decreases when reported in U.S. dollars for all three key
performance metrics for October 2009.
According to data compiled by STR Global,
year-on-year measurements of the Asia Pacific region’s occupancy
rates show a fall of 0.6% to 67.1%, ADR declined 2.5% to US$128.09
and RevPAR fell 3.1% to US$85.89.
“Coming into the last quarter of 2010, which
compares to very weak comparables at the end of 2008, all
sub-regions across Asia/Pacific saw occupancy stabilising in the
month of October, helping to soften RevPAR decline by only 3.1%
overall,” said Elizabeth Randall, managing director of STR Global.
“However great it is to see monthly improvements, hotels across
the region have lost US$22.04 in RevPAR value year-to-date
compared to year-to-October 2008. The star performers in terms of
monthly RevPAR growth across the region are Australia, Guam,
Indonesia, Malaysia, New Zealand and South Korea, which benefited
partly due to a weak U.S. Dollar exchange rate.”
Among the key markets in the region, New Delhi,
India, reported the largest occupancy increase, up 14.7% to 77.5%,
followed by Kuala Lumpur, Malaysia (+12.4% to 74.1%), and Sydney,
Australia (+11.9% to 88%). Two markets posted double-digit
occupancy decreases: Manila, Philippines (-11.3% to 63.4%), and
Bali, Indonesia (-10.8% to 77.1%).
Melbourne, Australia (+28.5% to US$160.78), and
Sydney (+28.5% to US$161.24) reported the largest ADR increases.
Two other markets also reported ADR increases of more than 20%:
Brisbane, Australia (+23.2% to US$153.32), and Seoul, South Korea
(+22.7% to US$170.59).
Phuket, Thailand (-22.8% to US$72.72),
Shanghai, China (-22.2% to US$117.22), and Beijing, China (-22.1%
to US$95.68), reported the largest ADR decreases.
Sydney experienced the largest RevPAR increase,
jumping 43.8% to US$141.84.
Three markets reported RevPAR decreases of
more than 20%: Phuket (-28.2% to US$42.47); Shanghai (-25.2% to
US$66.82); and Beijing (-20.5% to US$60.56).
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