Hotel RevPAR in AP Drops 5.7%; Thailand's RevPAR Up 20.9%, OR Up 22.9%

According to data compiled by STR, hotels in the Asia Pacific region experienced mixed year-on-year results in the three key performance metrics during May 2015 when reported in U.S. dollars.

Occupancy for May increased 1.4% to 68.1%, while ADR dropped 6.9% to US$105.54, and RevPAR decreased 5.7% to US$71.84.

Performance by country varied significantly on a local-currency basis:

Thailand reported the largest increases in occupancy (+22.9% to 68.3%) and RevPAR (+20.9% to THB2,151.01). ADR in Thailand was down 1.6% to THB3,150.54. Thailand’s performance continues to improve in year-on-year comparisons, most notably in Bangkok, as the country is further removed from last year’s coup d'état.

Myanmar experienced the steepest decline in occupancy (-27.4% to 41.4%) and RevPAR (-26.4% to MMK69,522.58). The country continues to be affected by a significant amount of new supply in the market.

French Polynesia posted the largest increase in ADR, rising 16.2% to XPF40,657.53. Japan followed with a 12.9% rise in ADR to JPY14,666.02.

South Korea reported the largest decrease in ADR, down 6.9% to KRW184,206.00.

Japan (+16.2% to JPY12,223.56) and French Polynesia (+15.8% to XPF28,762.75) also posted double-digit increases in RevPAR.

South Korea (-13.4% to KRW129,804.99) and Maldives (-10.6% to MVR5,257.00) were the two markets in addition to Myanmar to report double-digit drops in RevPAR.

Highlights from key market performers for May 2015 in local currency (year-on-year comparisons):

Bangkok experienced the largest occupancy increase, up 31.6% to 71.6%. Three additional markets saw double-digit increases in occupancy: Hanoi, Vietnam (+22.8% to 72.3%); Sanya, China (+16.1% to 52.8%); and Phuket, Thailand (+14.1% to 60.5%).

Ho Chi Minh recorded the largest decrease in occupancy, dropping 8.5% to 59.1%.

Osaka, Japan, reported the largest ADR increase, rising 24.5% to JPY15,667.06. Tokyo, Japan (+12.2% to JPY18,345.00), posted the region’s other double-digit increase in ADR.

Affected by a continued drop in government spending and other factors, Hong Kong experienced the only double-digit ADR decrease, down 15.6% to HK$1,501.49.

Bangkok (+35.8% to THB2,223.22) reported the largest increase in RevPAR, followed by Osaka (+31.0% to JPY14,042.75).

Hong Kong (-21.5% to HK$1,181.73) experienced the largest RevPAR decrease. Two other markets reported double-digit declines in RevPAR: Seoul, South Korea (-15.1% to KRW146,571.12), and Kuala Lumpur, Malaysia (-10.1% to MYR217.37).