According to data compiled by STR Global, hotels
in the Asia Pacific region experienced increases in all three key
performance metrics for May 2010 when reported in U.S. dollars.
year-on-year measurements, the Asia Pacific region's ORs rose
15.3% to 63.1%, ADR increased 8.6% to US$125.52, and RevPAR jumped
25.2% to US$79.24.
Highlights from key market performers for May
2010: (year-on-year comparisons, all currency in U.S. dollars)
- Shanghai, China, experienced the largest
occupancy increase, rising 55% to 71.7%, followed by Beijing,
China (+34.4% to 65.3%); Hong Kong, China (+28.7% to 78.3%); and
Osaka, Japan (+27.8% to 77.3%).
- Bangkok, Thailand, posted the
only occupancy decrease, falling 38.4% to 26.2%.
reported the largest ADR increase, up 29.3% to US$142.52.
Four markets reported ADR decreases: Bangkok (-11.9% to US$76.77);
New Delhi, India (-7.7% to US$148.37); Osaka (-5.9% to US$119.95);
and Mumbai, India (-4.4% to US$171.84).
- Shanghai's RevPAR
soared 100.5% to US$102.18, reporting the largest increase in that
metric. Three other markets posted RevPAR increases of more than
40%: Hong Kong (+51.9% to US$145.58); Beijing (+45.4% to
US$62.74); and Kuala Lumpur, Malaysia (+40.4% to US$71.65).
Bangkok reported the only RevPAR decrease, falling 45.8% to
"The Asia Pacific region continues to lead
the RevPAR recovery of the global regions and it is good to see
that both occupancy and average daily rate improved since the
beginning of the year," said Elizabeth Randall, STR Global's
managing director. "The RevPAR growth rate slowed slightly from
29% in March and 26% in April to now 25% in May, which is a still
impressive comeback from last year."
"The Expo 2010, which
started in May, brought Shanghai the top spot of RevPAR growth
(+101%) for May," Randall added. "Shanghai expects 70 million
visitors before the Expo's closure at the end of October. Bangkok
suffered from the political protests and travel advisories against
it in April and May and reported the only RevPAR decline of key
cities in Asia Pacific."
Americas Results for May
The Americas region recorded positive results
in the three key performance metrics when reported in U.S. dollars
for May 2010. The region's occupancy rose in the month of May by 7.5% to 59.1%,
ADR ended the month virtually flat with a
0.2% decrease to US$99.10, and RevPAR
increased 7.8% to US$58.54.
Among the region's key markets,
Mexico City, reported the largest occupancy increase,
soaring 154.8% to 59.2%, followed by Buenos Aires, Argentina
(+19% to 61.4%), Sao Paulo, Brazil (+17.7% to 70%), and San
Juan, Puerto Rico (+17.4% to 75.6%). Alberta, Canada, was the only
key market to post an occupancy decrease, falling 3.5% to 56.7%.
Four key markets experienced ADR increases of 15% or more: Rio
de Janeiro, Brazil (+27.3% to US$164.35); Sao Paulo (+21.5% to
US$106.92); Mexico City (+18.2% to US$113.66); and New York, New
York (+15% to US$231.38). Chicago, Illinois, reported the
largest ADR decrease, falling 5.2% to US$113.77, followed by San
Juan with a 1.7% decrease to US$152.75.
jumped 201.3% in RevPAR to US$67.32, reporting the largest
increase in that metric. Two other markets posted RevPAR increases
of more than 40%: Rio de Janeiro (+44.5% to US$112.60) and Sao
Paulo (+42.9% to US$74.80). Alberta was the only market to report
a RevPAR decrease, falling 3% to US$71.06.
Middle East / Africa May 2010
This region's occupancy ended the
month virtually flat with a 0.8% increase to 62.2%, ADR increased 1.3% to US$144.35, and
RevPAR grew 2.1% to US$89.75.
Highlights among the region's
key markets for May include (year-over-year comparisons, all
currency in U.S. dollars):
- Amman, Jordan, reported the largest occupancy
increase, rising 13.9% to 71.1%, followed by Dubai, United Arab
Emirates, with an 8.1% increase to
- Abu Dhabi, UAE, reported the largest decreases in all
three key metrics: Occupancy fell 24.8% to 55.2%; ADR dropped
37% to US$188.86; and RevPAR decreased 52.6% to US$104.17.
Johannesburg, South Africa, was the only market, besides Abu
Dhabi, to report a double-digit occupancy decrease, falling 11.1%
- Two markets posted double-digit ADR increases:
Beirut, Lebanon (+27.4% to US$210.57), and Johannesburg (+19.5% to
- Muscat, Oman, fell 8.8% in ADR to US$202.42,
followed by Dubai with a 7.4-percent decrease to US$191.94.
Beirut rose 24.6% in RevPAR to US$147.66, followed by Amman with a
17.8-percent increase to US$114.44.
"We saw good
performances across Africa outbalancing performance in the Middle
East for May," said Elizabeth Randall. "The build-up to the World Cup didn't translate into
occupancy growth for the Southern Africa region, declining 5% compared to May 2009. That gave the region the lowest occupancy
(55%) of the global sub-regions. On the other hand Northern Africa achieved the highest occupancy (70%) of all sub-regions."
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