STR Reports Performance of Hotels in Asia Pacific for November 2013

According to data compiled by STR Global, hotels in the Asia Pacific region experienced mixed results in the three key performance metrics during November 2013 when reported in U.S. dollars.

The region’s occupancy ended the month with a 1.1% increase to 72.4%; ADR dropped 4.9% to US$123.13; and RevPAR was down 3.8% to US$89.12.

“Asia Pacific’s RevPAR decline has been driven by rate. However, it should be noted that the RevPAR decline began in 2012 as demand started to flatten,” said Elizabeth Winkle, STR Global’s managing director. “Southeast Asia remains as the only positive performer in the region, with countries such as Thailand and Indonesia performing well, off the back of some increased travel from China.”

Highlights from key market performers for November 2013 in local currency (year-on-year comparisons):

• Mumbai, India, led occupancy growth, rising 9.5% to 70.3%.

• Hanoi, Vietnam, fell 8.4% in occupancy to 71.3%, posting the largest decrease in that metric. Auckland, New Zealand, followed with a 6.3% occupancy decrease to 80.7%.

• Jakarta, Indonesia (+14.4% to IDR1,148,754.18); Tokyo, Japan (+11.3% to JPY16,675.98); and Bali, Indonesia (+11.3% to IDR1,406,592.51), experienced ADR increases of more than 10%.

• Delhi, India, fell 7.2% in ADR to INR7,652.22, posting the largest decrease in that metric.

• Three markets experienced double-digit RevPAR growth: Tokyo (+17.4% to JPY15,489.94); Jakarta (+12.9% to IDR904,593.15); and Osaka, Japan (+11.4% to JPY11,095.37).