Hotels in the Asia Pacific region reported
double-digit decreases when reported in U.S. dollars for all three
key performance metrics for April 2009, according to data compiled
by STR Global.
The Asia Pacific region’s occupancy dropped
14.3% to 59.2%; average daily rate declined 20.1% to US$117.10;
and revenue per available room fell 31.5% to US$69.36.
Asia Pacific region, along with the Middle East, has come into a
similar cyclical movement as Europe and North America - but there
are a few highlights still,” said James Chappell, managing
director of STR Global. “Bali, Indonesia, increased 21.5% in RevPAR (in local currency), and Seoul, South Korea, reported a
16.3% increase (in local currency) in the measure.”
Among the key markets, Seoul, South Korea, was the only market to
report an increase in occupancy, which was up 10.5% to 83.3%.
Bangkok, Thailand, reported the largest decrease in occupancy,
which dropped 33.6% to 44.3%.
Bali, Indonesia, reported
the largest increase in ADR, which rose 17.4% to US$123.39. Two
other markets reported increases in ADR: Tokyo, Japan (+10.9% to
US$227.09), and Osaka, Japan (+5.8% to US$122.82).
led the ADR decreases, dropping 41.1% to US$163.30. Other markets
that reported ADR decreases of more than 30% include: New Delhi,
India (-38.6% to US$174.29); Beijing, China (-32.3% to US$97.48);
and Sydney, Australia (-31.3% to US$119.92).
Bali was the
only key market to report a RevPAR increase (+5.0% to US$78.83).
New Delhi reported the largest decrease in RevPAR, which dropped
52.7% to US$101.33. Three other key markets that reported large
RevPAR decreases include: Mumbai (51.4% to US$95.56); Beijing
(-51.2% to US$50.46); and Bangkok (-47% to US$39.74).
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