Asia Pacific Hotel Performance in September 2009

According to data compiled by STR Global, hotels in Asia Pacific recorded a year-on-year occupancy rise of 1.4% to reach 62.3%; ADR declined 7.7% to US$123.72, and RevPAR fell 6.3% to US$77.12.

“Asia Pacific reported the lowest RevPAR declines (-6.3%) since September 2008,” said Elizabeth Randall, managing director of STR Global. “A slight increase in occupancy boosted RevPAR, it was the first increase in occupancy since October 2007. The coming months should see improvements on the poor performance of the last quarter of 2008, which had been weakened by the economic downturn. Beijing, Hong Kong and Shanghai saw smaller declines compared to the post-Olympic period, reporting RevPAR decreases of only 9.2%, 11% and 19.2%, respectively.”

Among the key markets, Beijing, China, reported the largest occupancy increase, up 18.8% to 57.1%, followed by Phuket, Thailand (+13.3% to 46%), and Sydney, Australia (+10.5% to 79%). Two markets posted double-digit occupancy declines: New Delhi, India (-12.2% to 63.2%), and Bali, Indonesia (-10.6% to 76%).

Three markets posted double-digit ADR increases: Bali (+15.4% to US$130.64); Tokyo, Japan (+14.1% to US$228.19); and Osaka, Japan (+13.5% to US$123.29).

New Delhi reported the largest ADR decrease, falling 37.2% to US$157.20. Three other markets posted ADR decreases of more than 20%: Mumbai, India (-30.7% to US$170.96); Beijing (-23.6% to US$97.44); and Shanghai, China (-22.6% to US$107.59).

Seoul, South Korea, experienced the largest RevPAR increase, up 15.9% to US$132.10, followed by Osaka with a 13.2% increase to US$94.75. New Delhi (-44.8% to US$99.32) and Mumbai (-31.3% to US$103.27) reported the largest declines in RevPAR for the month.

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