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According to data compiled by STR Global, hotels
in Asia Pacific recorded a year-on-year occupancy rise of 1.4% to
reach 62.3%; ADR declined 7.7% to US$123.72, and RevPAR fell 6.3%
to US$77.12.
“Asia Pacific reported the lowest RevPAR
declines (-6.3%) since September 2008,” said Elizabeth Randall,
managing director of STR Global. “A slight increase in
occupancy boosted RevPAR, it was the first increase in
occupancy since October 2007. The coming months should
see improvements on the poor performance of the last
quarter of 2008, which had been weakened by the economic
downturn. Beijing, Hong Kong and Shanghai saw smaller
declines compared to the post-Olympic period, reporting
RevPAR decreases of only 9.2%, 11% and 19.2%,
respectively.”
Among the key markets, Beijing, China,
reported the largest occupancy increase, up 18.8% to 57.1%,
followed by Phuket, Thailand (+13.3% to 46%), and Sydney,
Australia (+10.5% to 79%). Two markets posted double-digit
occupancy declines: New Delhi, India (-12.2% to 63.2%), and Bali,
Indonesia (-10.6% to 76%).
Three markets posted
double-digit ADR increases: Bali (+15.4% to US$130.64); Tokyo,
Japan (+14.1% to US$228.19); and Osaka, Japan (+13.5% to
US$123.29).
New Delhi reported the largest ADR decrease, falling
37.2% to US$157.20. Three other markets posted ADR decreases of
more than 20%: Mumbai, India (-30.7% to US$170.96); Beijing
(-23.6% to US$97.44); and Shanghai, China (-22.6% to US$107.59).
Seoul, South Korea, experienced the largest RevPAR increase,
up 15.9% to US$132.10, followed by Osaka with a 13.2%
increase to US$94.75. New Delhi (-44.8% to US$99.32) and Mumbai
(-31.3% to US$103.27) reported the largest declines in RevPAR for
the month.
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September 2009
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