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October 2009 Hotel Performance in Asia Pacific

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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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