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Performance of Hotels in Asia Pacific - June 2009

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Hotels in the Asia Pacific region experienced double-digit decreases when reported in U.S. dollars for all three key performance metrics for June 2009, according to data compiled by STR Global.

In year-over-year measurements, occupancy rates in the Asia Pacific region dropped 10.8% to 56.2%; the ADR declined 16.3% to US$111.85; and RevPAR fell 25.3% to US$62.88.

The recent tragic events in Jakarta unfortunately will impact hotel performance in Indonesia, which year-to-June was one of only two countries we track on the Asia Pacific Hotel Review to report positive RevPAR results (+8.1%) when reported in local currency, said James Chappell, managing director of STR Global. Bali and Jakarta were the only two markets to report RevPAR increases in the month of June and for the year-to-date in local currency.

Among the key markets, Melbourne, Australia, ended the month virtually flat in occupancy with a 0.7% decrease to 70.5%. Sydney, Australia (-1.3% to 70.3%) and Brisbane, Australia (-1% to 78.2%) also experienced minimal occupancy decreases.

 Four markets reported occupancy decreases of more than 20%: Bangkok, Thailand (-31.6% to 46.3%); Hong Kong, China (-24.8% to 59.7%); Phuket, Thailand (-24.8% to 36.4%); and Osaka, Japan (-21.5% to 58.5%).

Tokyo, Japan, experienced the largest ADR increase, jumping 7.4% to US$210.75. Bali, Indonesia (+5.9% to US$119.34) and Osaka (+1.1% to US$106.40) were the only other markets to report ADR increases.

 Two markets experienced ADR decreases of more than 30%: Mumbai, India (-33.8% to US$173.57) and New Delhi, India (-31.9% to US$155.16).

Tokyo posted the smallest RevPAR decrease for the month, down 3.1% to US$137.33. Jakarta (-9.4% to US$46.99) and Bali (-6.4% to US$83.10) also reported single-digit RevPAR decreases.

 Four markets experienced RevPAR decreases of more than 35%: New Delhi (-41.5% to US$80.31); Bangkok (-41.3% to US$41.64); Mumbai (-39.3% to US$95.12); and Hong Kong (-36.2% to US$88.91).

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