Asia/Pacific hotel results for 2012
"Asia/Pacific, with its 1.4 percent RevPAR increase, saw a slower growth rate in all three key performance indicators during 2012 than during 2011", said Elizabeth Randall Winkle, managing director of STR Global. "Looking at the underlying factors of supply and demand, demand has been outpacing supply increases over the past three years, and demand grew 3.5 percent during 2012. The region's RevPAR of US$88.24 for 2012 is just short of the US$89.71 from 2008, which represents the highest RevPAR achieved over the past 14 years.
"Out of the countries we track across the region, Thailand and Japan had strong RevPAR improvements in local currency, highlighting their recoveries from 2011 events", she continued. "New Zealand, on the other hand, saw the biggest drop of RevPAR across the region with 8.5-percent decline, as the performance compared against the 2011 Rugby World Cup".
Highlights from key market performers for 2012 in local currency (year-over-year comparisons):
- Bangkok, Thailand (+11.0 percent to 70.5 percent), and Tokyo, Japan (+10.4 percent to 82.5 percent), achieved the largest occupancy increases for the year.
- Ho Chi Minh City, Vietnam, fell 5.4 percent in occupancy to 63.7 percent, posting the largest decrease in that metric, followed by Bali, Indonesia, with a 4.1-percent decrease to 69.8 percent.
- Three markets experienced double-digit ADR increases: Jakarta, Indonesia (+17.9 percent to IDR930,099.39); Taipei, Taiwan (+12.0 percent to TWD5,599.24); and Tokyo (+10.2 percent to JPY14,528.61).
- Four markets achieved RevPAR growth of more than 10 percent: Tokyo (+21.6 percent to JPY11,990.11); Jakarta (+19.0 percent to IDR667,120.13); Bangkok (+16.9 percent to THB2,052.69); and Phuket, Thailand (+10.9 percent to THB2,851.38).
- Auckland, New Zealand, reported the largest ADR (-13.9 percent to NZD136.42) and RevPAR (-15.1 percent to NZD102.62) decreases for the year.
Highlights from key market performers for 2012 in U.S. dollars (year-over-year comparisons):
- Taipei rose 11.9 percent in ADR to US$189.38, reporting the largest increase in that metric.
- Delhi, India (-16.7 percent to US$141.91), and Mumbai, India (-14.9 percent to US$149.05), posted the largest decreases for the year.
- Four markets experienced RevPAR growth of more than 10 percent: Tokyo (+19.8 percent to US$149.56); Bangkok (+15.8 percent to US$65.95); Jakarta (+11.3 percent to US$70.75); and Phuket (+10.6 percent to US$91.80).
- Delhi fell 17.2 percent in RevPAR to US$88.34, reporting the largest decrease in that metric.
In December 2012, the Asia/Pacific region reported a 0.2-percent increase in occupancy to 66.6 percent, it rose 1.2 percent in ADR to US$133.00 and it was up 1.4 percent in RevPAR to US$88.64.
Konstanze Auernheimer (STR Global)
Director of Marketing
Phone: +44 (0)207 922 1961
About STR Global
STR Global provides clients—including hotel operators, developers, financiers, analysts and suppliers to thehotel industry—access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, segmentation data, forecasts, annual profitability, pipeline and census information. Hotel operators can join the surveys on a complimentary basis and benefit from free industry data. STR Global is part of the STR family of companies and is proudly associated with STR, STR Analytics and Hotel News Now. For more information, please visit www.strglobal.com.