Thai hotels improve revenue

BANGKOK, 29 June 2012: Hotels in Phuket and Bangkok were in the top five Asia/ Pacific destinations that enjoyed the strongest improvements in revenue per available room (RevPAR) in May according to a STR Global report.

Tokyo, Japan achieved the highest RevPAR growth in the region with 52.8% an increase to JPY11,991.13.

The report on three key performance metrics for May 2012 was released, earlier this week, showing Thailand’s top destinations had improved both occupancy and RevPAR.

Phuket reported an increase in RevPAR of 37.7% to Bt2,009.08 as well as an increase in occupancy of 19% to 60.9%, while Bangkok also reported an increase of RevPAR by 21.3% to Bt1,991.59.

In contrast, Hanoi in Vietnam reported a decrease in ADR, down by 10.1% to VND2,218,689.50, ranking it the second lowest after Delhi, India, that reported a decrease of 10.8% to INR 6,476.82. Delhi’s RevPAR was down by 23.6% to INR3,332.95.

According to STR Global managing director, Elizabeth Randall, the majority of Asian destinations continued to report RevPAR increases in May. However, Indian hotels remained under pressure as the market had to cope with increasing supply and slow down in local economic conditions.

In general, year-over-year measurements, the region reported increases in the three key metrics. Occupancy increased by 2.3% to 65.5% with ADR up by 1% to US$135.85 and RevPAR increase by 3.3% to US$88.94.

Tokyo in Japan reported the largest occupancy growth in the region, up 28.1% to 80.4%, while Delhi in India showed the largest decrease in occupancy rate, down by 14.3% to 51.5%.

Sourced: ttrweekly