Asia-Pacific performance in September
Hotels in the Asia/Pacific region experienced mixed results in the three key performance metrics for September 2012 when reported in US dollars, according to data compiled by STR Global.
In year-over-year measurements, the Asia/Pacific region’s occupancy fell 1.1% to 67.5%, its average daily rate rose 3.7% to US$140.44 and its revenue per available room was up 2.5% to US$94.74.
“New Zealand hosted the Rugby World Cup last year explaining the more than 30-% decline in ADR and RevPAR results during September”, said Elizabeth Randall Winkle, managing director of STR Global. “Ignoring last year’s strong event-driving performance, RevPAR for the January to September period year to date is greater than the last peak in 2008. Year-to-September 2012 achieved a RevPAR of NZ$93.68 compared to NZ$92.30 for YTD 2008”.
Highlights from key market performers in September 2012 in local currency (year-over-year comparisons):
- Jakarta reported the largest occupancy increase, rising 13.9% to 80.0%, followed by Hanoi with a 13.3% increase to 64.3%.
- Taipei fell 10.1% in occupancy to 63.7%, posting the largest decrease in that metric.
- Jakarta achieved the largest ADR increase, rising 23.1% to IDR1,001,527.24, followed by Tokyo with a 11.4% increase to JPY14,526.98.
- Auckland experienced the largest ADR (-40.6% to NZ$133.08) and RevPAR (-42.3% to NZ$93.36) decreases for the month.
- Jakarta rose 40.1% in RevPAR to IDR801,622.64, reporting the largest increase in that metric.
- Highlights from key market performers for September 2012 in US dollars (year-over-year comparisons):
- Four markets achieved RevPAR increases of more than 10%: Jakarta (+30.5% to US$83.53); Hanoi (+13.4% to US$67.97); Melbourne (+12.9% to US$140.85); and Tokyo (+10.6% to US$156.15).
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