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STR Global: Asia Pacific Hotel Results For April 2015

June 1, 2015 Statistics & Trends No Comments Print Print Email Email

Hotels in the Asia Pacific region experienced mixed year-over-year results in the three key performance metrics during April 2015 when reported in U.S. dollars, according to data compiled by STR Global.http://industryclub.com.au/ The region’s occupancy for April increased 1.6 percent to 69.6 percent. However, the region’s average daily rate dropped 5.6 percent to US$109.77, and its revenue per available room decreased 4.1 percent to US$76.43.

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

Japan saw the largest increases in ADR (+14.3 percent to JPY14,598.76) and RevPAR (+17.4 percent to JPY12,277.33). Occupancy in the country also increased 2.7 percent to 84.1 percent. The devaluation of the Japanese yen has made the country a more affordable destination, and inbound travel has increased in year-over-year comparisons.

Thailand recorded the largest increase in occupancy (+13.5 percent to 72.4 percent) and saw a double-digit rise in RevPAR (+11.5 percent to THB2,519.04). ADR in the country fell 1.8 percent to THB3,479.29. Thailand’s performance continues to improve in year-over-year comparisons, most notably in Bangkok, as the country is further removed from last year’s coup d’état.

After Japan, French Polynesia was the only other country to report a double-digit increase in ADR, up 10.1 percent to XPF39,295.22.

New Zealand posted a double-digit increase in RevPAR (+13.3 percent to NZD111.12) driven by increases in occupancy (+6.3 percent to 77.3 percent) and ADR (+6.6 percent to NZD143.81). The country has seen demand growth continue to outweigh supply growth.

Myanmar experienced the largest decreases in occupancy (-34.0 percent to 31.3 percent) and RevPAR (-37.3 percent to MMK50,758.32).

The steepest decline in ADR occurred in Malaysia, where ADR dropped 7.0 percent to MYR344.00. The country experienced double-digit decreases in occupancy (-11.0 percent to 58.1 percent) and RevPAR (-17.2 percent to MYR199.97).

China reported an increase in occupancy (+1.6 percent to 67.9 percent) but decreases in ADR (-3.2 percent to CNY554.42) and RevPAR (-1.7 percent to CNY376.26). The country’s results were affected by performance declines in Hong Kong, a market which continues to see a decrease in government spending.

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

  • Bangkok experienced the largest occupancy increase, up 22.2 percent to 70.2 percent. Sanya, China (+18.6 percent to 59.9 percent) and Delhi-National Capital Region, India (+14.7 percent to 64.7 percent), were the other markets to post a double-digit occupancy increase for the month.
  • Kuala Lumpur, Malaysia (-12.3 percent to 61.7 percent) and Bali, Indonesia (-10.8 percent to 56.1 percent) reported the largest occupancy decreases.
  • Osaka, Japan, reported the largest ADR increase, rising 30.9 percent to JPY16,914.66. Jakarta, Indonesia, followed with a 16.3-percent increase in ADR to IDR1,284,248.63.
  • Hong Kong experienced the only double-digit ADR decrease, down 10.9 percent to HKD1,623.03.
  • Osaka (+34.7 percent to JPY15,677.41) reported the largest increase in RevPAR, followed by Bangkok (+27.6 percent to THB2,252.89).
  • Kuala Lumpur (-18.0 percent to MYR224.89) and Hong Kong (-14.3 percent to HKD1,328.56) experienced the largest RevPAR decreases.

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