In 2012, the Asia-Pacific hotel market generated positive results.
In 2012, the Asia-Pacific hotel area saw positive results in all three main performance metrics when reported in US dollars, according to STR Global. Properties for sale in Doha
The Asia-Pacific region’s occupancy remained largely unchanged in 2012, rising 0.5 percent to 68.3 percent, while its average daily rate rose 0.9 percent to US$129.26 and revenue per available room increased 1.4 percent to US$88.25.
“With a 1.4 percent RevPAR rise in 2012, Asia-Pacific saw a slower rate of growth in all three main performance metrics than in 2011,” said Elizabeth Randall Winkle, managing director of STR Global. “When it comes to the underlying causes of supply and demand, demand has been outpacing supply increases for the past three years, and demand increased by 3.5 percent in 2012.” The region’s RevPAR of US$88.24 in 2012 fell just short of the US$89.71 in 2008, which was the highest RevPAR in the region’s 14-year history.
“Thailand and Japan, out of the countries we monitor around the area, had good RevPAR improvements in local currency, reflecting their recoveries from the events of 2011,” she added. “On the other hand, New Zealand saw the largest drop in RevPAR across the country, with an 8.5 percent drop as compared to the 2011 Rugby World Cup.”
Highlights from main market performers for 2012 in local currency (year-over-year comparisons): Bangkok, Thailand (+11.0 percent to 70.5 percent) and Tokyo, Japan (+10.4 percent to 82.5 percent) saw the highest year-over-year occupancy increases.
The largest decrease in occupancy was 5.4 percent to 63.7 percent in Ho Chi Minh City, Vietnam, followed by a 4.1-percent decrease to 69.8 percent in Bali, Indonesia.
Jakarta, Indonesia (+17.9% to IDR930,099.39), Taipei, Taiwan (+12.0 percent to TWD5,599.24), and Tokyo, Japan (+10.2 percent to JPY14,528.61) all saw double-digit ADR increases.
Tokyo (+21.6 percent to JPY11,990.11), Jakarta (+19.0 percent to IDR667,120.13), Bangkok (+16.9% to THB2,052.69), and Phuket, Thailand (+10.9 percent to THB2,851.38) all saw RevPAR growth of more than 10%.
Auckland, New Zealand, had the year’s highest declines in ADR (-13.9 percent to NZD136.42) and RevPAR (-15.1 percent to NZD102.62).
Main market performers’ highlights in US dollars for 2012 (year-over-year comparisons):
Taipei’s ADR increased by 11.9 percent to US$189.38, the highest rise in that metric.
The highest declines for the year were in Delhi, India (-16.7 percent to US$141.91), and Mumbai, India (-14.9 percent to US$149.05).
Tokyo (+19.8 percent to US$149.56), Bangkok (+15.8 percent to US$65.95), Jakarta (+11.3 percent to US$70.75), and Phuket (+10.6 percent to US$91.80) all saw RevPAR growth of more than 10%.
The most significant drop in RevPAR was in Delhi, which dropped 17.2 percent to US$88.34.
The Asia-Pacific area recorded a 0.2 percent increase in occupancy to 66.6 percent, a 1.2 percent increase in ADR to US$133.00, and a 1.4 percent increase in RevPAR to US$88.64 in December 2012.