Asia Pacific Hotels Record Mixed Occupancy Rates

Hotels in the Asia Pacific region are reporting double-digit decreases for all three key performance metrics for April 2009. Based on data compiled by STR Global, the region’s occupancy dropped 14.3% to 59.2% with the average daily rate declining 20.1% to USD 117.10 and revenue per available room sliding 31.5% to USD 69.36.

James Chappell, Managing Director of STR Global, notes that the Asia Pacific region, along with the Middle East, has come into a similar cyclical movement as Europe and North America, though with a few highlights still such as Bali, which increased its occupancy by 21.5% in RevPAR (in local currency), and Seoul, which equally reported a 16.3% increase (in local currency).

Seoul was the only city in the market to report an increase in occupancy, up 10.5% to 83.3%. Bangkok on the other hand reported the largest decrease in occupancy dropping 33.6% to 44.3%. Bali reported the largest increase in ADR, which rose 17.4% to USD 123.39. Two other markets reported increases in ADR namely the Japanese cities of Tokyo (+10.9% to USD 227.09) and Osaka (+5.8% to USD 122.82). Mumbai, however, led with the highest ADR decrease dropping 41.1% to USD 163.30. Other markets that reported ADR decreases of more than 30% include: New Delhi (-38.6% to USD 174.29); Beijing (-32.3% to USD 97.48); and Sydney (-31.3% to USD 119.92).

Bali was indeed the only key market to report a RevPAR increase (+5.0% to USD 78.83) while New Delhi reported the largest decrease dropping 52.7% to USD 101.33. Three other key markets that reported large RevPAR decreases include: Mumbai (51.4% to USD 95.56), Beijing (-51.2% to USD 50.46), and Bangkok (-47% to USD 39.74).

Source: ASIA Travel Tips.com at www.asiatraveltips.com