STR Global Posts Asia/Pacific Performance Results for May 2010
In year-over-year measurements, the Asia/Pacific region’s occupancy rose 15.3 percent to 63.1 percent, average daily rate increased 8.6 percent to US$125.52, and revenue per available room jumped 25.2 percent to US$79.24.
Hotels in the Asia/Pacific region experienced increases in all three key performance metrics for May 2010 when reported in U.S. dollars, according to data compiled by STR Global.
In year-over-year measurements, the Asia/Pacific region’s occupancy rose 15.3 percent to 63.1 percent, average daily rate increased 8.6 percent to US$125.52, and revenue per available room jumped 25.2 percent to US$79.24.
Highlights from key market performers for May 2010: (year-over-year comparisons, all currency in U.S. dollars)
• Shanghai, China, experienced the largest occupancy increase, rising 55.0 percent to 71.7 percent, followed by Beijing, China (+34.4 percent to 65.3 percent); Hong Kong, China (+28.7 percent to 78.3 percent); and Osaka, Japan (+27.8 percent to 77.3 percent).
• Bangkok, Thailand, posted the only occupancy decrease, falling 38.4 percent to 26.2 percent.
• Shanghai reported the largest ADR increase, up 29.3 percent to US$142.52.
• Four markets reported ADR decreases: Bangkok (-11.9 percent to US$76.77); New Delhi, India (-7.7 percent to US$148.37); Osaka (-5.9 percent to US$119.95); and Mumbai, India (-4.4 percent to US$171.84).
• Shanghai’s RevPAR soared 100.5 percent to US$102.18, reporting the largest increase in that metric. Three other markets posted RevPAR increases of more than 40 percent: Hong Kong (+51.9 percent to US$145.58); Beijing (+45.4 percent to US$62.74); and Kuala Lumpur, Malaysia (+40.4 percent to US$71.65).
• Bangkok reported the only RevPAR decrease, falling 45.8 percent to US$20.10.
|
Country |
Occupancy |
% change |
ADR |
% change |
RevPAR |
% change |
|
Australia |
69.8% |
+5.4% |
AUD160.27 |
+0.6% |
AUD111.80 |
+6.1% |
|
China |
61.3% |
+27.8% |
CNY774.01 |
+17.0% |
CNY474.75 |
+49.5% |
|
India |
57.2% |
+14.8% |
INR5879.55 |
-4.3% |
INR3363.59 |
+9.9% |
|
Japan |
72.7% |
+11.1% |
JPY13751.83 |
-3.8% |
JPY9994.48 |
+6.9% |
|
Singapore |
84.7% |
+30.8% |
SGD266.56 |
+13.5% |
SGD225.70 |
+48.5% |
*percentages are increases/decreases for May 2010 vs. May 2009
About STR Global:
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. STR Global provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR Global is part of the STR family of companies and is proudly associated with STR, RRC and HotelNewsNow.com. For more information, please visit www.strglobal.com
