October 2009 Hotel Performance in Asia Pacific

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).

See recent travel news from: Travel News Asia, STR, October 2009