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Asia Pacific Hotel Industry Performance in August 2009

Travel News Asia Latest Travel News Podcasts Videos Monday, 28 September 2009

According to data compiled by STR Global, occupancy rates in the Asia Pacific region’s hotel industry dropped 3.3% year-on-year to 63.3% in August 2009; ADR declined 24.7% to US$117.22; and RevPAR fell 27.1% to US$74.18.

“With the Summer Olympics, which were held in Beijing, China, from 8-24 August 2008, China reported the largest decreases of the region,” said Elizabeth Randall, managing director of STR Global. “China dropped 50.5% in ADR and 47.5% in RevPAR for the month. Japan was the only country to report increases in both ADR (+6%) and RevPAR (+1.8%). Among the key markets, Beijing, by far, reported the largest decreases in both ADR (-79%) and RevPAR (-79.9%) due to the Olympics. Hong Kong (-22 ) and Shanghai (-15.4%), which hosted the equestrian and football events, reported ADR and RevPAR declines as well.”

Among the key markets, Shanghai, China, reported the largest occupancy increase, jumping 12.6% to 49.6%. Seoul, South Korea (+7.2% to 83.2%) and Sydney, Australia (+1.3% to 78.4%), also reported occupancy increases for the month. Jakarta, Indonesia, posted the largest drop in occupancy, which fell 22.3% to 59.4%, followed by Bangkok, Thailand, with a 21.2% decrease to 56%.

Tokyo, Japan, experienced the largest ADR increase, up 20.7% to US$227.08. Three other markets also reported ADR increases: Hong Kong, China (+8.7% to US$78.70); Osaka, Japan (+6% to US$130.87); and Bali, Indonesia (+5.4% to US$147.72). Beijing led the ADR decreases, falling 79% to US$86.95, followed by Mumbai, India (-34.1% to US$163.55) and New Delhi, India (-30.9% to US$148.43).

Tokyo (+18.1% to US$162.23) and Osaka (+4.9% to US$104.97) were the only markets to post RevPAR increases. Beijing experienced the largest RevPAR decrease, falling 79.9% to US$49.26. Four other markets reported RevPAR decreases of more than 30%: New Delhi (-39.8% to US$86.84); Mumbai (-36.3% to US$89.47); Phuket, Thailand (-34% to US$41.51); and Bangkok (-32.4% to US$48.15).

See other recent news regarding: Airlines, Airports, Flights, Codeshare, Lounges, First Class, Business Class, MICE, GDS, Rewards, Miles, Hotels, Apartments, Promotions, Spas, New Hotels, Traffic, Visitor Arrivals, Cruises, Free Deals, STR, Performance, Statistics, August 2009

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