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 March 2015
when reported in U.S. dollars.
The region’s occupancy rates for March fell 0.3%
to 68.7%, ADR dropped 5.9% to US$111.16, and RevPAR decreased 6.2%
Performance by country varied significantly on a
Thailand saw the largest increases in
both occupancy (+23.4% to 77.1%) and RevPAR (+23.9% to
THB2,862.64), while ADR (+0.4% to THB3,712.70) remained almost
Ubon Ratchathani, Thailand
New Zealand followed in RevPAR performance
with a 23.0% increase to NZ$143.41. New Zealand and Australia
(+6.9% to A$150.32) saw RevPAR growth associated with hosting the
International Cricket Council Cricket World Cup.
Zealand (+15.3% to NZ$169.84) and French Polynesia (+12.4% to
XPF37,583.38) each recorded double-digit ADR increases.
Myanmar experienced the largest decreases in RevPAR (-30.3% to
MMK96,842.23) and occupancy (-26.4% to 52.9%). A 17.8% increase in
supply led to the decreases in Myanmar.
decline in ADR occurred in South Korea, where ADR dropped 11.2% to
China reported negative results in each of
the three key performance measurements. Occupancy was down 1.0% to
64.6%; ADR fell 2.6% to CNY559.74; and RevPAR decreased 3.5% to
from key market performers for March 2015 in local currency
experienced the largest occupancy increase, up 42.9% to 78.6%.
Sanya, China (+10.2% to 65.2%) was the only other market to post a
double-digit occupancy increase for the month.
Indonesia (-12.4% to 61.0%) and Bali, Indonesia (-10.7% to 52.7%)
reported the largest occupancy decreases.
reported the largest ADR increase, rising 23.5% to JPY15,192.50.
Auckland, New Zealand, followed with a 23.0% increase in ADR to
Seoul, South Korea, experienced the largest ADR
decrease, down 11.4% to KRW183,997.94.
Bangkok (+54.9% to
THB2,622.17) reported the largest increase in RevPAR, followed by
Osaka (+30.4% to JPY14,133.95).
Seoul (-16.9% to
KRW130,686.34) and Kuala Lumpur, Malaysia (-13.1% to MYR272.45)
experienced the largest RevPAR decreases.
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