According to data compiled by STR, hotels in the
Asia Pacific region experienced mixed year-on-year results in the
three key performance metrics during May 2015 when reported in
Occupancy for May increased 1.4% to 68.1%, while
ADR dropped 6.9% to US$105.54, and RevPAR decreased 5.7% to
Performance by country varied significantly on a
Thailand reported the largest increases in
occupancy (+22.9% to 68.3%) and RevPAR (+20.9% to THB2,151.01).
ADR in Thailand was down 1.6% to THB3,150.54. Thailand’s
performance continues to improve in year-on-year comparisons,
most notably in Bangkok, as the country is further removed from
last year’s coup d'état.
Myanmar experienced the steepest
decline in occupancy (-27.4% to 41.4%) and RevPAR (-26.4% to
MMK69,522.58). The country continues to be affected by a
significant amount of new supply in the market.
Polynesia posted the largest increase in ADR, rising 16.2% to
XPF40,657.53. Japan followed with a 12.9% rise in ADR to
South Korea reported the largest decrease in
ADR, down 6.9% to KRW184,206.00.
Japan (+16.2% to
JPY12,223.56) and French Polynesia (+15.8% to XPF28,762.75) also
posted double-digit increases in RevPAR.
South Korea (-13.4%
to KRW129,804.99) and Maldives (-10.6% to MVR5,257.00) were the
two markets in addition to Myanmar to report double-digit drops in
Highlights from key market performers for May 2015
in local currency (year-on-year comparisons):
experienced the largest occupancy increase, up 31.6% to 71.6%.
Three additional markets saw double-digit increases in occupancy:
Hanoi, Vietnam (+22.8% to 72.3%); Sanya, China (+16.1% to 52.8%);
and Phuket, Thailand (+14.1% to 60.5%).
Ho Chi Minh recorded the largest decrease in occupancy, dropping 8.5%
Osaka, Japan, reported the largest ADR increase,
rising 24.5% to JPY15,667.06. Tokyo, Japan (+12.2% to
JPY18,345.00), posted the region’s other double-digit increase in
Affected by a continued drop in government spending
and other factors,
Hong Kong experienced the only double-digit ADR decrease, down 15.6% to HK$1,501.49.
Bangkok (+35.8% to THB2,223.22) reported the
largest increase in RevPAR, followed by Osaka (+31.0% to
Hong Kong (-21.5% to HK$1,181.73) experienced
the largest RevPAR decrease. Two other markets reported
double-digit declines in RevPAR: Seoul, South Korea (-15.1% to
KRW146,571.12), and Kuala Lumpur, Malaysia (-10.1% to MYR217.37).
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