According to data compiled by STR Global, hotels in the Asia Pacific region experienced mixed results in the three key performance metrics in January 2013 when reported in U.S. dollars.
In January 2013, the Asia Pacific region’s occupancy ended the month with a 7.7% increase to 65.2%, ADR decreased 6.3% to US$130.39 and RevPAR was up 1.0% to US$85.00.
“Despite having a 6.3% ADR decline in U.S. dollars for January 2013, the occupancy increase of 7.7% for the month helped the region achieve a positive RevPAR growth of 1% in US$,” said Elizabeth Randall Winkle, managing director of STR Global. “For Central and South Asia, India is driving down the ADR with a drop of 9.3% US$ for the month of January. Northeast Asia, which includes the regions of China and Japan, had their year-on-year changes impacted by the Chinese New Year. In 2013, the celebrations were held entirely in February, whereas in 2012 it was split between January and February. Overall, Northeast Asia saw an ADR decline of 11.2% in US$.”
Highlights from key market performers for January in local currency (year-on-year comparisons):
– Four markets experienced occupancy increases of more than 20%: Ho Chi Minh City, Vietnam (+37.6% to 76.3%); Shanghai, China (+33.3% to 57.7%); Hanoi, Vietnam (+28.4% to 68.0%); and Beijing, China (+23.5% to 63.5%).
– Bali, Indonesia, posted the only double-digit occupancy decrease, falling 19.5% to 61.3%.
– Taipei, Taiwan (+23.1% to TWD5,961.48), and Jakarta, Indonesia (+21.8% to IDR1,026,606.50) experienced the largest ADR increases for the month.
– Delhi, India, fell 11.4% in ADR to INR7,337.10, posting the largest decrease in that metric.
– Three markets achieved RevPAR increases of more than 30%: Shanghai (+37.1% to CNY345.54); Beijing (+34.8% to CNY388.30); and Ho Chi Minh City (+34.7% to VND2,029,368.15).
Highlights from key market performers for January in U.S. dollars (year-on-year comparisons):
– Taipei achieved the largest ADR increase, rising 24.3% to US$201.70.
– Delhi (-16.6% to US$137.30) and Osaka, Japan (-14.1% to US$111.94), posted the largest ADR decreases for the month.
– Three markets experienced RevPAR increases of more than 35%: Shanghai (+37.4% to US$54.95); Ho Chi Minh City (+36.6% to US$97.45); and Beijing (+35.1% to US$61.75).
– Delhi fell 19.6% in RevPAR to US$86.66, reporting the largest decrease in that metric.