According to data compiled by STR Global,
hotels in the Asia Pacific region experienced positive results in
all three key performance metrics for June 2012 when reported in
In year-on-year measurements, the Asia
Pacific region's occupancy rates increased 1.8% to 66.2%, ADR
increased 5.4% to US$136.87, and RevPAR was up 7.3% to US$90.66.
Year-to-date 2012 the region reported a 2.3%
occupancy increase to 66.0%, a 3.3% rise in ADR to US$141.38 and a
5.7% growth in RevPAR to US$93.26.
"The first six months of 2012 saw overall
moderate growth in occupancy and ADR for most months," said
Elizabeth Randall, managing director at STR Global. "The increases
have helped to bring the region back on par with the first half
performance in 2008, before the worldwide financial and economic
downturn made its full impact felt. The region matched its 66%
occupancy and was just US$0.38 below its 2008 first half ADR
performance. As the region experienced a continuous increase in
new hotel supply, growing with a 3.2% compound annual growth rate
(CAGR) between the first six months 2008 and 2012, demand has kept
pace with a 3.1% CAGR."
Highlights from key market
performers in June 2012 in local currency (year-on-year
- Hanoi, Vietnam, reported the largest occupancy
increase, rising 13.1% to 61.8%, followed by Shanghai, China
(+11.3% to 62.7%), and Phuket, Thailand (+10.2% to 59.3%).
Manila, Philippines, fell 6.3% in occupancy to 65.2%, posting the
largest decrease in that metric.
- Three markets experienced
ADR increases of more than 20%: Jakarta, Indonesia (+26.8% to
IDR967,559.38); Tokyo, Japan (+22.3% to JPY14,796.58); and Taipei,
Taiwan (+20.9% to TWD6,805.68).
- Delhi, India, reported the
largest ADR (-5.6% to INR6,520.52) and RevPAR (-10.8% to
INR3,321.20) decreases for the month.
- Five markets achieved
RevPAR increases of more than 20%: Jakarta (+31.2% to
IDR749,897.41); Tokyo (+29.9% to JPY11,731.01); Taipei (+28.1% to
TWD5,015.50); Phuket (+26.3% to THB1,875.44); and Kuala Lumpur,
Malaysia (+21.1% to MYR316.38).
Highlights from key market
performers for June 2012 in U.S. dollars (year-on-year
- Tokyo reported the largest ADR increase, up
24.5% to US$186.03, followed by Taipei (+16.6% to US$227.08) and
Jakarta (+15.4% to US$102.17).
- Three markets achieved RevPAR
increases of more than 20%: Tokyo (+32.3% to US$147.48); Taipei
(+23.6% to US$167.35); and Phuket (+22.9% to US$59.06).
reported the largest ADR decrease, falling 23.8% to US$115.97. The
market also reported the largest RevPAR decrease, dropping 28.0%
The Americas region reported a 4.1% increase in occupancy to
70.0%, a 4.3% gain in ADR to US$109.41 and an 8.6% jump in RevPAR
Among the region's key markets, Los Angeles,
California, reported the largest occupancy increase, rising 8.4%
to 82.9%, followed by San Juan, Puerto Rico, with a 6.6% increase to 81.7%. Occupancy in Panama City, Panama, fell 20.0% to 44.5%,
experiencing the largest decrease in that metric.
markets reported ADR growth of more than 10%: Rio de Janeiro,
Brazil (+21.0% to US$245.43); San Francisco, California (+18.5% to
US$177.89); Santiago, Chile (+12.1% to US$165.57); and Boston,
Massachusetts (+10.3% to US$175.79). Sao Paulo, Brazil (-11.4% to
US$132.70), and Vancouver, Canada (-10.7% to US$142.52), ended the
month with the only double-digit ADR decreases.
Francisco jumped 25.5% in RevPAR to US$160.05, achieving the
largest increase in that metric, followed by Rio de Janeiro
(+25.0% to US$176.29) and Los Angeles (+18.7% to US$112.02). Three
markets posted RevPAR decreases of more than 15%: Panama City
(-25.7% to US$53.45); Vancouver (-16.7% to US$105.15); and Sao
Paulo (-16.5% to US$89.46).
In the first half of 2012
year-to-date, the region's occupancy was up 3.2% to 61.1%, its ADR
grew 3.9% to US$107.75 and its RevPAR increased 7.2% to US$65.81.
The European hotel industry posted mixed results
in year-on-year metrics when reported in U.S. dollars, euros and
British pounds for June 2012.
the region's occupancy was virtually flat with a 0.1% increase to
63.7%, its ADR, in euro terms, was up 3.9% to EUR103.03, and its
RevPAR increased 4.1% to EUR65.64.
"ADR across Europe, in
euro terms, continued to grow during June, showing robustness
compared to the flatter occupancy performances recently," said
Ms. Randall. "When comparing the first six months of 2012 to the first half in 2008,
there is still ground to be made up. RevPAR is still EUR3.61
behind its 2008 first-half performance (EUR69.29). Europe overall
saw only a limited increase in room supply, a 1.1% compound annual
growth rate (CAGR), compared to 0.9% CAGR of demand increase over
the last four years."
Highlights from key market performers
for June 2012 include (year-on-year comparisons, all currency in
- Frankfurt, Germany, rose 13.3% in occupancy to 73.5%,
posting the largest increase in that metric, followed by Istanbul,
Turkey (+12.5% to 84.6%), and Reykjavik, Iceland (+12.1% to
- Athens, Greece, fell 19.2% in occupancy to 65.6%,
reporting the largest occupancy decrease.
- Warsaw, Poland,
grew 97.4% in ADR to EUR158.82, reporting the largest increase in
that metric, followed by Frankfurt with a 28.6% increase to
- Milan, Italy (-8.4% to EUR123.99), and Zurich,
Switzerland (-8.0% to EUR197.58), ended the month with the largest
- Four markets achieved RevPAR increases of more
than 25%: Warsaw (+98.1% to EUR124.34); Frankfurt (+45.8% to
EUR93.80); Reykjavik (+33.3% to EUR113.07); and Istanbul (+28.6%
- Athens fell 21.2% in RevPAR to EUR75.61,
posting the largest decrease in that metric, followed by Milan
with a 14.5% decrease to EUR78.91.
The Middle East/Africa region reported mostly
positive performance results in June 2012 when reported in U.S.
occupancy increased 8.7% to 58.2% during the month, its ADR fell
1.8% to US$136.16 and its RevPAR rose 6.8% to US$79.22.
Year-to-date 2012, the region reported a 9.4% occupancy increase
to 60.6%, a 1.5% ADR decrease to US$162.37, and a 7.7% rise in
RevPAR to US$98.38.
"Middle Eastern hoteliers reported
improving occupancy and average room rates boosted by double-digit
demand growth for the first half of 2012 compared to the first six
months in 2011," Ms. Randall said. "The occupancy and average room rate for the first half of
2012 is, however, still behind its peak performance of the first
six months in 2008. For the first six months of 2008, the region
achieved 70.9% occupancy and rate of US$235.64. The region saw the
highest increase in new room supply compared to the other world
regions since 2008. Africa reported continued occupancy
improvements whilst average room rates remain under pressure
compared to the first half 2011. In contrast, looking back at the
first half of 2008, the Africa region surpassed its average room
rate performance by US$12.68."
Highlights among the
region's key markets for June 2012 include (year-on-year
comparisons, all currency in U.S. dollars):
- Muscat, Oman,
rose 34.1% in occupancy to 51.6%, posting the largest increase in
that metric, followed by Amman, Jordan, with a 15.0% increase to
- Doha, Qatar, ended the month with the largest
occupancy decrease, falling 11.8% to 49.4%.
- Dubai, United
Arab Emirates, achieved the largest ADR increase, rising 9.8% to
US$170.07, followed by Amman with an 8.2% increase to US$155.51.
- Cape Town, South Africa, fell 15.6% in ADR to US$102.93, posting
the largest decrease in that metric, followed by Muscat with a
13.3% decrease to US$152.90.
- Four markets experienced RevPAR
increases of more than 15%: Amman (+24.4% to US$105.43); Jeddah,
Saudi Arabia (18.2% to US$195.70); Dubai (+18.0% to US$125.25);
and Muscat (+16.3% to US$78.87).
- Abu Dhabi, United Arab
Emirates, fell 15.4% in RevPAR to US$66.13, reporting the largest
decrease in that metric.
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