STR global

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

The Asia/Pacific region’s occupancy dropped 12.1 percent to 59.0 percent; average daily rate declined 21.0 percent to US$114.82; and revenue per available room fell 30.5 percent to US$67.70.

Among the key markets, Seoul, South Korea, reported the largest occupancy increase in year-over-year measurements for February 2009, jumping 22.1 percent to 84.8 percent. Jakarta, Indonesia, reported the smallest decrease in occupancy (-3.0 percent to 64.8 percent). Phuket, Thailand, reported the largest occupancy decrease (-30.2 percent to 61.4 percent). Three markets increased in ADR: Tokyo, Japan (+5.4 percent to US$208.27); Bali, Indonesia (+2.6 percent to US$99.31); and Osaka, Japan (+1.5 percent to US$107.45). Ending the month with the smallest decreases in RevPAR were Tokyo (-8.8 percent to US$143.85) and Osaka (-6.2 percent to US$78.83). Three markets decreased more than 50 percent in RevPAR: Phuket (-53.8 percent to US$73.12); New Dehli, India (-53.3 percent to US$162.89); and Mumbai, India (-51.9 percent to US$126.79).

Performances of key countries in February
(all monetary units in local currency):
Country Occupancy % change ADR % change RevPAR % change
Australia 75.3% -7.2% AUD172.61 -2.9% AUD129.96 -9.9%
China 44.9% -9.0% CNY698.25 -15.9% CNY313.80 -23.5%
India 64.2% -21.1% INR8485.74 -18.0% INR5446.21 -35.3%
Japan 69.2% -10.1% JPY12773.81 -7.3% JPY8845.03 -16.6%
Singapore 70.7% -6.3% SGD260.74 -19.7% SGD184.35 -24.7%

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Jeff Higley (STR)
VP, Digital Media & Communications
+1 (615) 824-8664 ext. 3318
STR Global