According to data compiled by STR Global, hotels
in the Asia Pacific region experienced negative year-on-year
results in the three key performance metrics during February 2015
when reported in U.S. dollars.
The region’s occupancy for February fell 3.6% to
64.6%; ADR dropped 3.6% to US$117.64; and RevPAR decreased 7.0% to
Performance by country varied significantly on a
China experienced a 9.2% decrease in RevPAR to
CNY322.45 and an 8.3% decline in occupancy to 54.4%.
“Chinese New Year celebrations impacted hotel
performance as demand declined by 4.7% in Chinese cities during
the month,” said Elizabeth Winkle, managing director of STR
Global. “Chengdu continues to see strong supply growth (+8.5%),
putting pressure on performance, resulting in a decline of 18.2%
in RevPAR. Hong Kong saw a RevPAR decline of 12.5%.”
reported increases in both occupancy (+3.2% to 84.6%) and ADR
(+10.6% to JPY13,050.26), resulting in a RevPAR gain of 14.2% to
“Japan’s overall hotel performance grew
positively, with RevPAR mainly driven by ADR increases in almost
all markets across the country,” Winkle said.
the largest increases in occupancy (+26.7% to 86.0%) and RevPAR
(+26.7 to THB3,635.33), but the country reported a slight decline
in ADR (-0.1% to THB4,225.03).
Myanmar experienced the
largest decrease in RevPAR (-22.4% to MMK128,930.16), driven
predominantly by a 16.9-decline in occupancy to 67.8%. Winkle
noted that a 12.1% year-on-year increase in supply has placed
pressure on market occupancy levels.
Highlights from key
market performers for February 2015 in local currency
* Bangkok, Thailand,
experienced the largest occupancy increase, up 53.8% to 86.0%.
* Kuala Lumpur, Malaysia (-22.4% to 59.6%) and Jakarta, Indonesia
(-21.6% to 54.9%) reported the largest occupancy decreases.
Osaka, Japan, reported the largest ADR increase, rising 25.9% to
JPY13,629.92. Auckland, New Zealand, followed with a 15.3%
increase in ADR to NZD189.10.
* Delhi-National Capital Region,
India (-7.4% to INR7,080.85) and Hong Kong (-7.2% to HKD1,654.40)
experienced the largest ADR decreases.
* Bangkok (+68.9% to
THB3,024.23) reported the largest increase in RevPAR, followed by
Osaka (+33.0% to JPY12,348.36).
* Kuala Lumpur experienced the
largest decline in RevPAR, down 24.8% to MYR216.64.
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