According to data compiled by STR Global, hotels
in the Asia Pacific region experienced mostly positive results in
the three key performance metrics during April 2011 when reported
in U.S. dollars.
In year-on-year measurements, the Asia Pacific
region's occupancy fell 2.1% to 64.7%, ADR increased 14.6% to
US$143.99, and RevPAR jumped 12.2% to US$93.19.
"Asia Pacific's overall RevPAR performance
continues to be driven by improvements in average room rates,"
said Elizabeth Randall, managing director of STR Global. "Out of
the 15 countries tracked in our Asia Pacific Hotel Review, only
Japan, following the devastating March earthquake and tsunami,
reported a decline in average room rates. Occupancy levels across
the region, following a strong re-bounce last year, declined
slightly compared to last year. Tokyo's demand continued
to drop, reporting a 43% decline to 1.05 million occupied
rooms for April. Osaka's demand dropped 15% to
725,000 occupied rooms."
"Bangkok reported a strong bounce
in occupancy this month as anti-government demonstrations had
started in the Thai capital in April 2010," Randall added.
"The next couple of months are expected to show a continuing
recovery as May and June were the most impacted months last year.
In the second-quarter 2010, Bangkok dropped 31% in RevPAR compared
to the second-quarter 2009."
Highlights from key market
performers for April 2011 in local currency (year-on-year
- Bangkok, Thailand, experienced the largest
occupancy increase, rising 36.9% to 59.3%, followed by Mumbai,
India, with a 16.5% increase to 66.5%.
- Tokyo, Japan,
fell 42.8% in occupancy to 46.4%, posting the largest decrease in
that metric, followed by Osaka, Japan, which reported a 15.4% drop to 69.1%.
- Hong Kong, China, rose 26.4% in
ADR to HK$2061.39, reporting the largest increase in that metric.
- Three markets achieved RevPAR increases of more than 20%:
Bangkok (+42.3% to THB1805.12); Hong Kong (+27.4% to HK$1668.12);
and Jakarta, Indonesia (+21.7% to IDR558290.50).
from key market performers for April 2011 (year-on-year
comparisons, all currencies in U.S. dollars):
Japan, rose 33% in ADR to US$143.96, followed by Brisbane,
Australia, which rose 32.4% in ADR to US$194.73; Hong Kong (+26.4%
to US$265.32); Sydney, Australia (+25.4% to US$194.96); and
Jakarta (+20.4% to US$91.79).
- Five markets achieved RevPAR
increases of more than 25%: Bangkok (+53.6% to US$60.19); Brisbane
(+30.7% to US$141.14); Hong Kong (+27.4% to US$214.70); Jakarta
(+27.3% to US$64.71); and Sydney (+25.2% to US$158.53).
The Americas region ended April with a 4.7% increase in
occupancy to 61.2%, ADR was up 3.3% to US$103.53, and RevPAR rose
8.1% for the month to US$63.35.
Among the key markets in
the region, Rio de Janeiro, Brazil, achieved the largest occupancy
increase, rising 13.1% to 77.4%, followed by Miami-Hialeah,
Florida, with a 9.5% increase to 79.8%. Two markets posted
occupancy decreases of more than 5%: Toronto, Canada (-8% to
63.4%), and Washington, D.C. (-6% to 73.7%).
Brazil, jumped 28.4% in ADR to US$147.95, reporting the largest
increase in that metric. Rio de Janeiro (+15.4% to US$207.33) and
Miami-Hialeah (+13.1% to US$170.73), followed Sao Paulo with the
only other double-digit ADR increases. Washington, D.C. (-2.9% to US$151.28), and Toronto (-0.4% to US$138.37) reported the only ADR
decreases for the month.
Three markets experienced RevPAR
increases of more than 20%: Sao Paulo (+34.4% to US$103.46); Rio
de Janeiro (+30.6% to US$160.48); and Miami-Hialeah (+23.8% to
US$136.25). Two markets posted RevPAR decreases: Washington, D.C
(-8.8% to US$111.55), and Toronto (-8.4% to US$87.78).
April performance was impacted by Easter, which took place in
mid-April this year compared to beginning of April 2010", said
Elizabeth Randall. "The region's
monthly performance also was affected by the volcanic eruption in
April 2010 and its ash cloud closing European air space for parts
of the month. These counter-forces on the monthly performance make
April a difficult month to judge in isolation. Looking on the
longer-term trend, Europe has produced a steadily improving
occupancy and average room rate performance since March 2010."
Highlights from key market performers for April 2011 include
(year-on-year comparisons, all currency in euros):
markets achieved occupancy increases of more than 20%: Venice,
Italy (+33.2% to 79.0%); Budapest, Hungary (+24.3% to 69.1%); Prague, Czech Republic (+22.7% to 75.5%); and Florence, Italy
(+21.2% to 76.6).
- Frankfurt, Germany, posted the only
double-digit occupancy decrease, falling 11.8% to 57.9%.
Salzburg, Austria (+25.8% to EUR97.68), and Paris, France (+16.7%
to EUR219.91), reported the largest ADR increases for the month.
- Munich, Germany, fell 34% in ADR to EUR93.08, reporting the
largest decrease in that metric, followed by Dusseldorf, Germany,
with a 21.7% decrease to EUR89.10.
- Four markets
experienced RevPAR increases of more than 25%: Venice (+45.6% to
EUR203.88); Florence (+32.6% to EUR110.15); Paris(+28.5% to
EUR181.29); Salzburg (+27.0% to EUR59.38).
- Three markets
reported RevPAR decreases of more than 20%: Munich (-36.3% to
EUR60.99); Dusseldorf (-23.7% to EUR46.40); and Frankfurt (-22.5%
Middle East / Africa
The Middle East/Africa region's occupancy ended the month with a
9.7% decrease to 59%, its ADR rose 10.8% to US$176.82,
and its RevPAR ended the month virtually flat with a 0.1%
increase to US$104.25.
Highlights among the region's key markets for April include
(year-on-year comparisons, all currency in U.S. dollars):
Two markets ended the month with double-digit occupancy increases:
Riyadh, Saudi Arabia (+17% to 73.8%), and Abu Dhabi, United Arab
Emirates (+15.7% to 69.3%).
- Cairo, Egypt, dropped 52.1% in
occupancy to 33%, reporting the largest decrease in that metric,
followed by Johannesburg, South Africa (-22.1% to 46.3%), and
Muscat, Oman (-20.3% to 53.1%).
- Johannesburg (+21.6% to
US$118.06), and Cape Town, South Africa (+15.7% to US$153.09),
reported the largest ADR increases.
- Three markets experienced
double-digit ADR decreases: Abu Dhabi (-20.3% to US$164.97);
Beirut, Lebanon (-16.8% to US$195.19); and Cairo (-12.2% to
- Four markets achieved RevPAR increases of more
than 10%: Riyadh (+27.5% to US$210.51); Cape Town (+25.1% to
US$84.94); Dubai, United Arab Emirates (+13.3% to US$216.67); and
Jeddah, Saudi Arabia (+13.0% to US$150.70).
- Cairo fell 57.9%
in RevPAR to US$37.93, reporting the largest decrease in that
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