ASIA Travel Tips.com

STR Reports Global Hotel Performance for January 2013

Search ASIA Travel Tips .com Send to Friend ASIA Travel Tips.com Latest Travel News Tuesday, 26 February 2013
 

According to data compiled by STR Global, hotels in the Asia Pacific region experienced mixed results in the three key performance metrics in January 2013 when reported in U.S. dollars.

 In January 2013, the Asia Pacific region's occupancy ended the month with a 7.7% increase to 65.2%, ADR decreased 6.3% to US$130.39 and RevPAR was up 1.0% to US$85.00.

"Despite having a 6.3% ADR decline in U.S. dollars for January 2013, the occupancy increase of 7.7% for the month helped the region achieve a positive RevPAR growth of 1% in US$," said Elizabeth Randall Winkle, managing director of STR Global. "For Central and South Asia, India is driving down the ADR with a drop of 9.3% US$ for the month of January. Northeast Asia, which includes the regions of China and Japan, had their year-on-year changes impacted by the Chinese New Year. In 2013, the celebrations were held entirely in February, whereas in 2012 it was split between January and February. Overall, Northeast Asia saw an ADR decline of 11.2% in US$."

Highlights from key market performers for January in local currency (year-on-year comparisons):

- Four markets experienced occupancy increases of more than 20%: Ho Chi Minh City, Vietnam (+37.6% to 76.3%); Shanghai, China (+33.3% to 57.7%); Hanoi, Vietnam (+28.4% to 68.0%); and Beijing, China (+23.5% to 63.5%).

- Bali, Indonesia, posted the only double-digit occupancy decrease, falling 19.5% to 61.3%.

- Taipei, Taiwan (+23.1% to TWD5,961.48), and Jakarta, Indonesia (+21.8% to IDR1,026,606.50) experienced the largest ADR increases for the month.

- Delhi, India, fell 11.4% in ADR to INR7,337.10, posting the largest decrease in that metric.

- Three markets achieved RevPAR increases of more than 30%: Shanghai (+37.1% to CNY345.54); Beijing (+34.8% to CNY388.30); and Ho Chi Minh City (+34.7% to VND2,029,368.15).

Highlights from key market performers for January in U.S. dollars (year-on-year comparisons):

- Taipei achieved the largest ADR increase, rising 24.3% to US$201.70.

- Delhi (-16.6% to US$137.30) and Osaka, Japan (-14.1% to US$111.94), posted the largest ADR decreases for the month.

- Three markets experienced RevPAR increases of more than 35%: Shanghai (+37.4% to US$54.95); Ho Chi Minh City (+36.6% to US$97.45); and Beijing (+35.1% to US$61.75).

- Delhi fell 19.6% in RevPAR to US$86.66, reporting the largest decrease in that metric.

The Americas

In January, the Americas region reported a 3.3% increase in occupancy to 51.3%, a 4.8% gain in ADR to US$109.21 and an 8.3% jump in RevPAR to US$56.04.

Among the key markets in the region, New York, New York, reported the largest occupancy increase, rising 11.4% to 73.8%. Buenos Aires, Argentina (-12.2% to 52.7%), and Panama City, Panama (-12.2% to 50.3%) posted the largest occupancy decreases for the month.

Three markets experienced double-digit ADR increases: Washington, D.C. (+17.0% to US$151.75); Miami, Florida (+12.2% to US$211.11); and San Juan, Puerto Rico (+11.2% to US$209.30).

Four markets achieved RevPAR increases of more than 15%: Washington, D.C. (+25.8% to US$79.24); San Juan (+18.4% to US$158.09); Miami (+17.5% to US$174.26); and New York (+16.3% to US$145.17).

Panama City reported the largest ADR (-9.4% to US$113.93) and RevPAR (-20.5% to US$57.27) decreases for the month.

Europe

"In euros, Europe's first month of the new year posted negative RevPAR results, being driven by a decline in ADR," said Ms Randall Winkle. "Western Europe was the only region in Europe to post positive RevPAR growth, with an increase in occupancy of 1.4% and ADR of 0.3% in euros. Germany is one of the main contributors within Western Europe to achieve positive results during the first month of 2013, achieving a RevPAR growth of 7.2% in euros."

Highlights from key market performers for January 2013 include (year-on-year comparisons, all currency in euros):

- Bratislava, Slovakia (+20.9% to 42.8%), and Copenhagen, Denmark (+10.2% to 51.0%), reported the largest occupancy increases for the month.

- Reykjavik, Iceland, reported the largest ADR increase, rising 23.1% to EUR68.88, followed by Tallinn, Estonia, with an 11.9% increase to EUR74.43.

- Warsaw, Poland, reported the only double-digit ADR decrease, falling 12.1% to EUR63.12.

- Three markets experienced RevPAR increases of more than 15%: Reykjavik (+26.5% to EUR30.31); Bratislava (+18.4% to EUR26.94); and Tallinn (+16.4% to EUR35.57).

Middle East/Africa

The region reported an 8.2% increase in occupancy to 59.8%, a 1.3% increase in ADR to US$182.81 and a 9.6% increase in RevPAR to US$109.29.

"The entire region posted a 9.6% increase in RevPAR for the first month of 2013 and was the best global performer in RevPAR% change," Ms. Randall Winkle said. "The Middle East is growing in both occupancy and ADR. Whilst still recovering in occupancy, the ADR in the African nations is still suffering as a result of continued political turmoil. Southern Africa showed a growing ADR of 8.3% (local currency)."

Highlights among the region's key markets for January 2013 include (year-on-year comparisons, all currency in U.S. dollars):

- Manama, Bahrain, reported the largest occupancy increase, rising 40.0% to 56.6%, followed by Cairo, Egypt (+17.2% to 42.7%), and Muscat, Oman (+14.9% to 67.9%).

- Amman, Jordan, fell 29.4% in occupancy to 45.7%, posting the largest decrease in that metric.

- Jeddah, Saudi Arabia, increased 14.0% in ADR to US$241.24, achieving the largest increase in that metric.

- Beirut, Lebanon, experienced the only double-digit ADR decrease, falling 25.5% to US$157.26.

- Manama (+39.8% to US$120.39) and Cairo (+14.5% to US$44.83) achieved the largest RevPAR increases for the month.

- Beirut fell 34.7% in RevPAR to US$72.79, reporting the largest decrease in that metric, followed by Amman with a 22.5% decrease to US$72.60.

See other recent news regarding: Interviews, Pictures, Videos, STR, Performance

Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address above, or return to the Latest Travel News Asia main page to see all the latest headlines. You can also stay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
     
Exclusive HD video interview with Mr. Mazuki Husin, General Manager of the Primula Beach Hotel in Terengganu, Malaysia, and also Vice President of the Malaysia Hotel Association Terengganu Chapter. Exclusive HD video interview with Peter Cheng, General Manager of the Laguna Redang Island Resort in Terengganu, Malaysia A very brief glimpse into one woman's amazing journey sailing from California to Terengganu in Malaysia
Hotels & Tourism in Terengganu Laguna Redang Island Resort GM Sailing from California to Malaysia
Exclusive HD video interview with Ms. Ina Israel of Coco Beach Island Resort in Puerto Galera, Philippines Expansion / Upgrade Plans @ Banyan The Resort Hua Hin, Thailand. Exclusive Interview with General Manager, Khun Sirirat Murphy Exclusive HD video with Ms. Kanyarat Tantiviwat (Tarn), Director of Sales at The Haven Khao Lak Resort in Thailand
Coco Beach Island Resort Banyan The Resort, Hua Hin The Haven, Khao Lak
Exclusive HD video interview with Tin Kyi Min @ Yin Mon Oo, Director of Business Development of Mann Yadanarpon Airlines of Myanmar. Exclusive HD video interview with John Edwards, Executive Chef at The Orchard Wellness and Health Resort in Melaka, Malaysia Exclusive HD video interview with Art P. Boncato JR., Assistant Secretary of Tourism Regulation, Coordination and Resource Generation (TRCRG) at the Department of Tourism of Philippines
Mann Yadanarpon Airlines Exec Chef at Resort in Melaka Philippines Tourism
Exclusive HD video interview with Gilles Flores, General Manager of the Ngapali Bay Villas and Spa in Myanmar. Exclusive HD video interview with Ye Myat Min (Reggie), Commercial Director of Asian Wings Airways, a full service Myanmar-based airline Exclusive HD video interview with Dean Cid, General Manager of the Microtel by Wyndham Mall of Asia in Manila, Philippines
Ngapali Bay Villas Asian Wings Airways Microtel by Wyndham
An exclusive HD video interview about the elegant Airbus A350 XWB with David Velupillai, Marketing Director for Airbus Corporate Jets at Singapore Airshow 2014 Exclusive HD video interview with Ms. Myat Myat Tun, Deputy Director (Reservation/Ticketing & Interline) Commercial of Air Bagan in Myanmar ATR Demonstrates 72-600 Flight Simulator During Singapore Airshow 2014
Airbus A350 Air Bagan (Myanmar) ATR Simulator
Inside Qatar Airways Boeing 787-8 Dreamliner - HD Video It takes 800 workers between 65 and 80 days to assemble, install, test, paint, furnish and deliver an Emirates Airbus A380. Showers, Bars, Lounge - The Emirates Airbus A380 Has Them All - HD Video Tour Thai Airways International Takes Delivery of Brand New Boeing 777-300ER
Qatar Airways B787 Emirates A380 Thai Airways B777-300ER
Advertising
  • sample ad size - contact us to advertise here
Latest Travel News
Advertising
Advertising
© Copyright 1997 - 2015 - ASIA Travel Tips.com - All rights reserved.