STR Global posts February 2009 results for Asia/Pacific region
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.
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).
| 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% |