According to data compiled by STR Global, hotels
in the Asia Pacific region experienced decreases in the three key
performance metrics in May 2013 when reported in U.S. dollars.
May, the Asia Pacific regionís occupancy ended the month with a
1.3% decrease to 65.9%, ADR dropped 2.5% to US$119.69 while RevPAR
was down 3.8% at US$78.82.
ďIn U.S. dollars, Asia Pacific was the only
global region to report negative RevPAR growth year-to-date 2013,
falling 3.1%,Ē said Elizabeth Winkle, managing director of STR
Global. ďThe RevPAR decrease was mainly driven by Central/South
Asia, where countries such as India are suffering from oversupply,
and in Northeastern Asia, where countries such as China are reigning in spending. However, Southeast Asia is reporting strong
growth, where markets such as Jakarta are posting an 18.2% growth
in ADR year-to-date 2013; ADR growth is driving RevPAR performance
in this region.Ē#
Highlights from key market performers for
May in local currency (year-on-year comparisons):
Japan, rose 5.8% in occupancy to 85.4%, reporting the largest
increase in that metric.
Taipei, Taiwan (+16.0% to
TW$ 6,248.09), and Jakarta, Indonesia (+13.7% to IDR 1,056,378.88),
achieved the largest ADR increases in May.
experienced double-digit RevPAR increases: Tokyo (+13.9% to
JPY 13,458.47); Jakarta (+11.3% to IDR 752,117.98); and Osaka, Japan
(+10.2% to JPY 9,330.47).
Seoul, South Korea, reported the
largest decrease in all three key performance metrics. The
marketís occupancy fell 12.9% to 74.0%, ADR was down 9.2% to
KRW 199,503.81 and RevPAR decreased 20.9% to KRW 147,594.17.
Highlights from key market performers for May in U.S. dollars
Three markets experienced
double-digit ADR increases: Taipei (+14.9% to US$ 207.96);
Auckland, New Zealand (+12.3% to US$ 112.49); and Jakarta (+10.0%
to US$ 107.43).
Tokyo fell 15.6% in ADR to US$ 155.91,
reporting the largest decrease in that metric.
experienced the only double-digit RevPAR increase, rising 15.9% to
Seoul fell 17.4% in RevPAR to US$ 130.61, reporting
the largest decrease in that metric, followed by Osaka (-13.5% to US$ 92.36) and Tokyo (-10.7% to US$ 133.22).
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