According to data compiled by STR Global, hotels
in the Asia Pacific region experienced mostly positive results
during July 2014 when reported in U.S. dollars.
In July 2014, the region’s occupancy rose 0.3%
to 70.0%; ADR remained virtually flat rising, 0.2% to US$112.44;
and RevPAR was up 0.5% to US$78.73.
“On a 12-month-moving-average basis, Asia
Pacific has seen a supply increase of 3.7%, and at the same time
demand has risen by 4.8%,” said Elizabeth Winkle, managing
director of STR Global. “The result of demand outpacing supply is
that we see positive occupancy growth (+1.1%) for the region,
achieving occupancy of 68.6%.”
Highlights from key market performers for
July 2014 in local currency (year-on-year comparisons):
Mumbai, India, reported the only double-digit occupancy increase,
rising 10.7% to 64.2%.
Jakarta, Indonesia (-22.0% to 49.8%),
and Bangkok, Thailand (-21.1% to 56.4%), reported the largest
Osaka, Japan, rose 16.8% in ADR to
JPY12,880.81, achieving the largest increase in that metric. Bali,
Indonesia, followed with an 11.2% increase to
Sydney, Australia, fell 5.1% in ADR to
A$179.49, posting the largest decrease in that metric.
markets experienced double-digit RevPAR increases: Osaka (+19.6%
to JPY11,244.05); Bali (+18.4% to IDR1,310,345.40); Taipei, Taiwan
(+15.4% to TWD3,979.56); and Mumbai (+10.3% to INR4,362.32).
Bangkok (-20.7% to THB1,663.09) and Kuala Lumpur, Malaysia (-20.0%
to MYR206.20), reported the largest RevPAR decreases during July.
Highlights from key market performers for July 2014 in U.S.
dollars (year-on-year comparisons):
Seoul, South Korea
(+12.5% to US$193.39), and Osaka (+11.9% to US$125.81) reported
the largest ADR increases during July.
Delhi-NCR, India, fell
4.6% in ADR to US$91.70, posting the largest decrease in that
Four markets achieved double-digit RevPAR increases:
Taipei (+15.2% to US$132.53); Osaka (+14.6% to US$109.82);
Auckland, New Zealand (+14.0% to US$83.66); and Mumbai (+10.6% to
Jakarta (-23.7% to US$47.43) and Bangkok (-22.3%
to US$52.05) reported the largest RevPAR decreases.
“Year to date, Osaka reported
a strong increase in rate (+16.6%) and reported one of the highest
RevPAR growths for the month (+18.9%) in local currency. The city
and Japan as a whole are seeing improvement due to the devaluation
of the Yen and general economic recovery,” Elizabeth added. “Bali
(+17.3%) and Tokyo (+10.8%) also reported strong year-to-date
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