STR Global Asia/Pacific results for May 2011

STR Global Asia/Pacific results for May 2011

In year-over-year measurements, the Asia/Pacific region’s occupancy ended the month virtually flat with a 0.2-percent decrease to 64.0 percent, average daily rate increased 13.5 percent to US$138.54, and revenue per available room jumped 13.3 percent to US$88.72.

“Supply increases outpaced demand for the first five months of this year growing 2.6 percent and 2 percent, respectively”, said Elizabeth Randall, managing director of STR Global. “Therefore the occupancy levels across the region are down slightly by 0.6 percent, year to date. Occupancy continued to improve across Central & South Asia, Southeastern Asia and Oceania.

“Bangkok came back strongly in May from governmental protests last year”, Randall continued. “Shanghai hosted the World Expo last year, which depressed the performance for this May. Tokyo continued to report weak performances against last year following March events”.

Highlights from key market performers for May 2011 in local currency (year-over-year comparisons):

• Bangkok, Thailand, achieved the largest occupancy increase, jumping 117.0 percent to 57.8 percent, followed by Phuket, Thailand, with a 26.2-percent increase to 51.5 percent.
• Two markets experienced double-digit occupancy decreases: Tokyo, Japan (-22.7 percent to 59.5 percent), and Shanghai, China (-21.8 percent to 58.5 percent).
• Hong Kong (+28.7 percent to HKD1818.80), and Bangkok (+15.2 percent to THB2908.14) posted the largest ADR increases for the month.
• Tokyo reported the largest decrease in ADR (-13.5 percent to JPY13180.80) and RevPAR (-33.1 percent to JPY7847.23).
• Bangkok achieved the largest RevPAR increase, rising 150.0 percent to THB1679.61, followed by Hong Kong with a 31.1-percent increase to HKD1456.23.


Highlights from key market performers for May 2011 in U.S. dollars (year-over-year comparisons):

• Brisbane, Australia, increased 46.5 percent in ADR to US$212.34, reporting the largest increase in that metric, followed by Sydney, Australia (+33.5 percent to US$188.07), and Melbourne, Australia (+30.7 percent to US$183.73).
• Shanghai ADR fell 7.0 percent to US$126.01, reporting the largest decrease in that metric.
• Three markets achieved RevPAR increases of more than 40 percent: Bangkok (+171.9 percent to US$55.25); Brisbane (+47.5 percent to US$172.15); and Melbourne (+40.2 percent to US$135.71).
• Shanghai (-27.3 percent to US$73.75) and Tokyo (-24.7 percent to US$97.04) experienced the largest RevPAR decreases.