Hotels in the Asia Pacific region reported double-digit decreases when reported in U.S. dollars for all three key performance metrics for April 2009, according to data compiled by STR Global. Bangkok, Thailand, reported the largest decrease in occupancy, which dropped 33.6% to 44.3%.The Asia Pacific region’s occupancy dropped 14.3% to 59.2%; average daily rate declined 20.1% to US$117.10; and revenue per available room fell 31.5% to US$69.36.
“The Asia Pacific region, along with the Middle East, has come into a similar cyclical movement as Europe and North America - but there are a few highlights still,” said James Chappell, managing director of STR Global. “Bali, Indonesia, increased 21.5% in RevPAR (in local currency), and Seoul, South Korea, reported a 16.3% increase (in local currency) in the measure.”
Among the key markets, Seoul, South Korea, was the only market to report an increase in occupancy, which was up 10.5% to 83.3%.
Bali, Indonesia, reported the largest increase in ADR, which rose 17.4% to US$123.39. Two other markets reported increases in ADR: Tokyo, Japan (+10.9% to US$227.09), and Osaka, Japan (+5.8% to US$122.82).
Mumbai, India, led the ADR decreases, dropping 41.1% to US$163.30. Other markets that reported ADR decreases of more than 30% include: New Delhi, India (-38.6% to US$174.29); Beijing, China (-32.3% to US$97.48); and Sydney, Australia (-31.3% to US$119.92).
Bali was the only key market to report a RevPAR increase (+5.0% to US$78.83). New Delhi reported the largest decrease in RevPAR, which dropped 52.7% to US$101.33. Three other key markets that reported large RevPAR decreases include: Mumbai (51.4% to US$95.56); Beijing (-51.2% to US$50.46); and Bangkok (-47% to US$39.74).