Asia/Pacific hotel results for November 2011
"Natural disasters dominated the news and affected hotel performance in the region over the past 11 months", said Elizabeth Randall, managing director of STR Global. "Despite this, demand across the region (+2.9 percent YTD) increased each month apart from March (-1.0 percent). With hotel performance continuing to pick up in November, year-to-date performance showed a 10.4 percent RevPAR increase to US$93.65".
Highlights from key market performers for November 2011 in local currency (year-over-year comparisons):
- Mumbai, India, increased 15.6 percent in occupancy to 75.3 percent, posting the largest increase in that metric, followed by Shanghai, China, with a 14.2-percent increase to 65.9 percent.
- Bangkok, Thailand, fell 16.3 percent in occupancy to 55.1 percent, reporting the largest decrease in that metric.
- Hong Kong achieved the largest ADR increase, rising 21.8 percent to HKD2,180.37, reporting the largest increase in that metric, followed by Jakarta, Indonesia (+19.3 percent to IDR883,724.37), and Bali, Indonesia (+18.9 percent to IDR1,339,273.76).
- Two markets posted double-digit ADR decreases: Bangkok (-18.2 percent to THB2,460.66) and New Delhi (-11.7 percent to INR9,188.34).
- Three markets experienced RevPAR increases of more than 20 percent: Bali (+29.0 percent to IDR986,756.27); Jakarta (+27.3 percent to IDR731,977.56); and Hong Kong (+23.4 percent to HKD1,974.25).
- Bangkok (-31.5 percent to THB1,356.05) and New Delhi (-15.8 percent to INR6,707.27) posted the largest RevPAR decreases.
Highlights from key market performers for November 2011 in U.S. dollars (year-over-year comparisons):
- Hong Kong rose 21.4 percent in ADR to US$279.78, reporting the largest increase in that metric, followed by Jakarta (+18.6 percent to US$96.24) and Bali (+18.1 percent to US$145.85).
- New Delhi (-22.0 percent to US$175.81) and Bangkok (-20.9 percent to US$78.50) ended the month with the largest ADR decreases.
- Four markets achieved RevPAR increases of more than 20 percent: Bali (+28.2 percent to US$107.46); Jakarta (+26.4 percent to US$79.71); Beijing (+23.2 percent to US$79.99); and Hong Kong (+22.9 percent to US$253.33).
- Two markets experienced RevPAR decreases of more than 25 percent: Bangkok (-33.8 percent to US$43.26) and New Delhi (-25.6 percent to US$128.34).
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