TravelNewsAsia.com

Hotels in Asia Report Double-Digit Decreases in January 2009

Travel News Asia Latest Travel News Podcasts Friday, 6 March 2009

Hotels in the Asia Pacific region reported double-digit decreases when reported in US dollars for all three key performance metrics for January 2009, according to data compiled by STR Global.

Occupancy in the Asia Pacific region dropped 18.3% to 54.3%; ADR declined 12.2% to US$125.31; and RevPAR fell 28.3% to US$68.09.

Highlights from key individual markets in the Asia Pacific region include (percentages are January 2009 vs. January 2008, data in US dollars):

Three key markets posted increases in ADR and RevPAR: Tokyo rose 25.9% to US$238.91 in ADR and 12.4% to US$144.19 in RevPAR; Bali rose 28% to US$142.65 in ADR and 17.5% to US$105.87 in RevPAR; and Osaka, Japan, reported a 16.4% increase in ADR and an 11.6% rise in RevPAR.

Seoul, South Korea, reported an increase in occupancy, rising 5.2% to 73.6%.

Four markets reported decreases in occupancy of less than 5%. Those markets include: Brisbane, Australia (-3.9%); Osaka, Japan (-4.1%); Sydney, Australia (-4.2%); and Melbourne, Australia (-4.3%).

Three markets posted large decreases in ADR for the month: Seoul (-33.4%); New Dehli, India (-34.2%); and Mumbai, India (-37.7%).

Performances of Key Countries in January 2009 (all monetary units in local currency. Source STR Global):

Country

Occupancy

% change

ADR

% change

RevPAR

% change

Australia

70.8%

-2.3%

A$ 175.96

+0.4%

A$ 124.56

-1.8%

China

42.5%

-29.2%

CNY 767.19

-10.7%

CNY 326.05

-36.7%

India

57.0%

-23.2%

INR 8401.83

-16.2%

INR 4791.15

-35.7%

Japan

60.9%

-7.2%

JPY 13709.44

-2.1%

JPY 8343.62

-9.1%

Singapore

63.0%

-21.1%

Sin$ 259.81

-11.3%

Sin$ 163.65

-30.1%

See other recent news regarding: Travel News Asia, STR, Research, Survey, MasterIndex, Visitor Arrivals, January 2009

Subscribe to our Travel Industry News RSS Feed Travel Industry News RSS Feed from TravelNewsAsia.com. To do that in Outlook, right-click the RSS Feeds folder, select Add a New RSS Feed, enter the URL of our RSS Feed which is: https://www.travelnewsasia.com/travelnews.xml and click Add. The feed can also be used to add the headlines to your website or channel via a customisable applet. Have questions? Please read our Travel News FAQ. Thank you.

     
Advertising
Advertising
Copyright © 1997-2024 TravelNewsAsia.com