RevPAR at Hotels in Asia Pacific Down 6.2%; Thailand Up 23.9%

According to data compiled by STR Global, hotels in the Asia Pacific region experienced negative year-on-year results in the three key performance metrics during March 2015 when reported in U.S. dollars.

The region’s occupancy rates for March fell 0.3% to 68.7%, ADR dropped 5.9% to US$111.16, and RevPAR decreased 6.2% to US$76.34.

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

Thailand saw the largest increases in both occupancy (+23.4% to 77.1%) and RevPAR (+23.9% to THB2,862.64), while ADR (+0.4% to THB3,712.70) remained almost flat.

Ubon Ratchathani, Thailand

New Zealand followed in RevPAR performance with a 23.0% increase to NZ$143.41. New Zealand and Australia (+6.9% to A$150.32) saw RevPAR growth associated with hosting the International Cricket Council Cricket World Cup.

New Zealand (+15.3% to NZ$169.84) and French Polynesia (+12.4% to XPF37,583.38) each recorded double-digit ADR increases.

Myanmar experienced the largest decreases in RevPAR (-30.3% to MMK96,842.23) and occupancy (-26.4% to 52.9%). A 17.8% increase in supply led to the decreases in Myanmar.

The steepest decline in ADR occurred in South Korea, where ADR dropped 11.2% to KRW169,622.25.

China reported negative results in each of the three key performance measurements. Occupancy was down 1.0% to 64.6%; ADR fell 2.6% to CNY559.74; and RevPAR decreased 3.5% to CNY361.80.

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

Bangkok, Thailand, experienced the largest occupancy increase, up 42.9% to 78.6%. Sanya, China (+10.2% to 65.2%) was the only other market to post a double-digit occupancy increase for the month.

Jakarta, Indonesia (-12.4% to 61.0%) and Bali, Indonesia (-10.7% to 52.7%) reported the largest occupancy decreases.

Osaka, Japan, reported the largest ADR increase, rising 23.5% to JPY15,192.50. Auckland, New Zealand, followed with a 23.0% increase in ADR to NZD189.36.

Seoul, South Korea, experienced the largest ADR decrease, down 11.4% to KRW183,997.94.

Bangkok (+54.9% to THB2,622.17) reported the largest increase in RevPAR, followed by Osaka (+30.4% to JPY14,133.95).

Seoul (-16.9% to KRW130,686.34) and Kuala Lumpur, Malaysia (-13.1% to MYR272.45) experienced the largest RevPAR decreases.