Thailand hotels make gains

LONDON  Hotels in the Asia Pacific region experienced mixed year-over-year results in the three key performance metrics during May 2015 when reported in US dollars, according to data compiled by STR Global.
The region’s occupancy for May increased 1.4% to 68.1%. However, average daily rate in the Asia Pacific region dropped 6.9% to USD105.54, and its revenue per available room decreased 5.7% to USD71.84.
Performance by country varied significantly on a local-currency basis:
Thailand reported the largest increases in occupancy (+22.9% to 68.3%) and RevPAR (+20.9% to THB2,151.01). ADR in Thailand was down 1.6% to THB3,150.54. Thailand’s performance continues to improve in year-over-year comparisons, most notably in Bangkok, as the country is further removed from last year’s coup d’état.
inside no 5Myanmar experienced the steepest decline in occupancy (-27.4% to 41.4% and RevPAR (-26.4% to MMK69,522.58). The country continues to be affected by a significant amount of new supply in the market.
French Polynesia posted the largest increase in ADR, rising 16.2% to XPF40,657.53. Japan followed with a 12.9% rise in ADR to JPY14,666.02.
South Korea reported the largest decrease in ADR, down 6.9% to KRW184,206.00.
Japan (+16.2% to JPY12,223.56) and French Polynesia (+15.8% to XPF28,762.75) also posted double-digit increases in RevPAR.
According to STR Global analysts, the devaluation of the Japanese Yen has made Japan a cheaper option for travellers.
South Korea (-13.4% to KRW129,804.99) and Maldives (-10.6% to MVR5,257.00) were the two markets in addition to Myanmar to report double-digit drops in RevPAR.
Highlights from key market performers for May 2015 in local currency (year-over-year comparisons):
Bangkok experienced the largest occupancy increase, up 31.6% to 71.6%. Three additional city markets saw double-digit increases in occupancy: Hanoi, Vietnam (+22.8% to 72.3%); Sanya, China (+16.1% to 52.8%); and Phuket, Thailand (+14.1% to 60.5%).
inside no 5.1Ho Chi Minh City, Vietnam, recorded the largest decrease in occupancy, dropping 8.5% to 59.1%.
Osaka, Japan, reported the largest ADR increase, rising 24.5% to JPY15,667.06. Tokyo, Japan (+12.2% to JPY18,345.00), posted the region’s other double-digit increase in ADR.
Affected by a continued drop in government spending, Hong Kong experienced the only double-digit ADR decrease, down 15.6% to HKD1,501.49.
The Occupy Central campaign and anti-Mainland tourist activities also have played a role in the negative performance in Hong Kong, according to STR Global analysts.
Bangkok (+35.8% to THB2,223.22) reported the largest increase in RevPAR, followed by Osaka (+31.0% to JPY14,042.75).
Hong Kong (-21.5% to HKD1,181.73) experienced the largest RevPAR decrease. Two other markets reported double-digit declines in RevPAR: Seoul, South Korea (-15.1% to KRW146,571.12), and Kuala Lumpur, Malaysia (-10.1% to MYR217.37).
STR Global provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America.

sourced:ttrweekly.com