According to data compiled by STR Global, hotels
in the Asia Pacific region experienced mixed year-on-year results
in the three key performance metrics during January 2015 when
reported in U.S. dollars.
Hotel occupancy rates in the region grew 4.9% to
64.7% in January 2015; ADR dropped 7.2% to US$111.50; and RevPAR
decreased 2.7% to US$72.18.
“In U.S. dollars, the Asia
Pacific region is showing a decline in RevPAR rates. However, the
region increased 2.0% on a constant-currency basis,” said
Elizabeth Winkle, managing director of STR Global. “New Zealand reported the highest RevPAR increase in
the region (14.6% to NZ$115.34), benefitting in part from the
Asian Football Confederation’s Asian Cup recently held in
increases in both occupancy (3.1% to 74.1%) and ADR (8.6% to
JPY12,935.67), resulting in a RevPAR gain of 12.0% to JPY9,591.64
to continue the country’s strong performance during 2014.
Despite an ADR decrease of 5.1%, China still managed to post a
RevPAR gain (3.7%) as a result of a 9.2% increase in occupancy.
“With Chinese New Year celebrations commencing in
mid-February, we expect to see a dip in most key performance
measures in the next month,” Winkle said. “India increased in all
key performance measures, predominantly driven by occupancy
(3.6%). Rate growth remained elusive in the country during 2014
with a lot of room for improvement.”
from key market performers for January 2015 in local currency
Six markets experienced
double-digit occupancy increases, including: Bangkok, Thailand
(+31.5% to 76.4%); Hanoi, Vietnam (+26.0% to 76.6%); Shanghai,
China (+18.3% to 67.1%); Beijing, China (+13.6% to 62.9%); Ho Chi
Minh City, Vietnam (+10.8% to 72.4%); and Mumbai, India (+10.6% to
- Bali, Indonesia, reported the only double-digit
occupancy decrease, falling 14.7% to 55.8%.
- Osaka, Japan,
reported the only double-digit ADR increase, rising 19.1% to
- Sanya, China, experienced the largest ADR
decrease (-9.7% to CNY1,028.17).
- Nine key markets posted
double-digit RevPAR increases in local currency, led by Bangkok
(+35.5% to THB2,638.86); Osaka (+24.3% to JPY10,875.51); and Hanoi
(+24.0% to VND1,820,442.68).
See other recent news regarding: