Asia/Pacific hotels had a decrease in occupancy in March
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Posted by AZURE Recruitment
Hotels in the Asia/Pacific region experienced decreases in the three key performance metrics in March 2013 when reported in U.S. dollars, according to data compiled by STR Global.
In March, the Asia/Pacific region’s occupancy ended the month with a 1.0-percent decrease to 70.0 percent, its average daily rate dropped 0.8 percent to US$129.44 and its revenue per available room was down 1.9 percent to US$90.60.
During the first-quarter 2013, the region reported a 0.9-percent decrease in occupancy to 65.8 percent, a 1.6-percent drop in ADR to US$131.58 and a 2.5-percent decrease in RevPAR to US$86.56.
“The Chinese New Year had an effect on Q1 results across the region”, said Elizabeth Winkle, managing director of STR Global. “In U.S. dollar terms, the region overall started the year off slow. However, Southeast Asia, Australia and Oceania posted positive RevPAR growth during the first quarter. Coinciding with Easter vacation, Southeast Asia reported an almost 6.0-percent increase in ADR, signifying its continued popularity as a leisure destination for many Europeans”.
Highlights from key market performers for March in local currency (year-over-year comparisons):
Bangkok, Thailand, reported the largest occupancy increase, rising 13.6 percent to 80.9 percent. Hanoi, Vietnam, followed with a 10.7-percent increase to 78.1 percent.
Delhi, India, fell 11.6 percent in occupancy to 61.6 percent, reporting the only double-digit decrease in that metric.
Three markets experienced ADR growth of more than 15 percent: Taipei, Taiwan (+30.3 percent to TWD7,308.29); Jakarta, Indonesia (+18.9 percent to IDR1,071,984.12); and Bali, Indonesia (+18.2 percent to IDR1,372,303.05).
Delhi (-13.7 percent to INR7,568.18) and Seoul, South Korea (-10.2 percent to KRW203,722.89), reported the largest ADR decreases for the month.
Four markets achieved RevPAR increases of more than 15 percent: Taipei (+23.6 percent to TWD5,646.24); Bangkok (+21.5 percent to THB2,652.27); Phuket, Thailand (+18.2 percent to THB3,731.26); and Jakarta (+17.8 percent to IDR787,458.27).
Delhi fell 23.6 percent in RevPAR to INR4,664.84, reporting the largest decrease in that metric.
Highlights from key market performers for March in U.S. dollars (year-over-year comparisons):
Taipei (+25.7 percent to US$238.52) and Phuket (+13.0 percent to US$157.79) reported the largest ADR increases for the month.
Three markets experienced RevPAR growth of more than 15 percent: Bangkok (+27.3 percent to US$89.86); Phuket (+23.8 percent to US$126.42); and Taipei (+19.3 percent to US$184.28).
Delhi reported the largest ADR (-17.7 percent to US$138.47) and RevPAR (-27.2 percent to US$85.35) decreases during March.