Asia Pacific hotel results for August 2013

LONDON — Hotels in the Asia Pacific region experienced mixed results in the three key performance metrics during August 2013 when compared with August 2012 and reported in U.S. dollars, according to data compiled by STR Global.

The region’s occupancy ended the month with a 3.0-percent increase to 71.8 percent, its average daily rate dropped 5.3 percent to US$119.88, and its revenue per available room was down 2.5 percent to US$86.09.

“Occupancy was up for all sub regions in Asia Pacific during August  while ADR is down for all except for Southeastern Asia when measured in USD terms”, said Elizabeth Winkle, managing director of STR Global. “Southeastern Asia continues to be the only sub region to report positive results. Performance in markets in Malaysia and Indonesia was stronger in August due to the shift of Ramadan from July in 2012 to August in 2013. Jakarta and Kuala Lumpur reported double-digit occupancy and RevPAR increases for the month, when measured in USD”.

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

Manila, Philippines, fell 4.1 percent in occupancy to 62.3 percent, posting the largest decrease in that metric.

Three markets experienced double-digit ADR increases: Jakarta, Indonesia (+19.0 percent to IDR1,092,154.58); Kuala Lumpur (+13.0 percent to MYR391.10); and Osaka, Japan (+11.0 percent to JPY12,145.94).

Ho Chi Minh City fell 6.3 percent in ADR to VND2,491,250.62, reporting the largest decrease in that metric.

Four markets achieved RevPAR increases of more than 15 percent: Jakarta (+34.6 percent to IDR640,472.30); Kuala Lumpur (+32.3 percent to MYR308.20); Bangkok, Thailand (+23.4 percent to THB2,518.45); and Melbourne, Australia (+15.9 percent to AUD154.48).

Seoul, South Korea, fell 7.7 percent in RevPAR to KRW162,929.03, posting the largest decrease in that metric.

Highlights from key market performers for August in U.S. dollars (year-over-year comparisons):

Kuala Lumpur rose 7.2 percent in ADR to US$118.64, reporting the largest increase in that metric. Bangkok followed with a 6.5-percent increase to US$97.24.

Mumbai, India (-21.3 percent to US$102.49), and Delhi-NCR, India (-19.4 percent to US$88.84), experienced the largest ADR decreases in August.

Three markets achieved double-digit RevPAR increases: Kuala Lumpur (+25.6 percent to US$93.49); Bangkok (+20.8 percent to US$78.25); and Jakarta (+17.7 percent to US$58.48).

Delhi-NCR fell 17.9 percent in RevPAR to US$44.84, reporting the largest decrease in that metric.

Sourced: TravelDailyNews