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STR Global posts June 2009 results for Asia/Pacific region

STR Global posts June 2009 results for Asia/Pacific region

In year-over-year measurements, the Asia/Pacific region’s occupancy dropped 10.8 percent to 56.2 percent; average daily rate declined 16.3 percent to US$111.85; and revenue per available room fell 25.3 percent to US$62.88.

“The recent tragic events in Jakarta unfortunately will impact hotel performance in Indonesia, which year-to-June was one of only two countries we track on the Asia Pacific Hotel Review to report positive RevPAR results (+8.1 percent) when reported in local currency”, said James Chappell, managing director of STR Global. “Bali and Jakarta were the only two markets to report RevPAR increases in the month of June and for the year-to-date in local currency”.

Among the key markets, Melbourne, Australia, ended the month virtually flat in occupancy with a 0.7-percent decrease to 70.5 percent. Sydney, Australia (-1.3 percent to 70.3 percent) and Brisbane, Australia (-1.0 percent to 78.2) also experienced minimal occupancy decreases. Four markets reported occupancy decreases of more than 20 percent: Bangkok, Thailand (-31.6 percent to 46.3 percent); Hong Kong, China (-24.8 percent to 59.7 percent); Phuket, Thailand (-24.8 percent to 36.4 percent); and Osaka, Japan (-21.5 percent to 58.5 percent).

Tokyo, Japan, experienced the largest ADR increase, jumping 7.4 percent to US$210.75. Bali, Indonesia (+5.9 percent to US$119.34) and Osaka (+1.1 percent to US$106.40) were the only other markets to report ADR increases. Two markets experienced ADR decreases of more than 30 percent: Mumbai, India (-33.8 percent to US$173.57) and New Delhi, India (-31.9 percent to US$155.16).

Tokyo posted the smallest RevPAR decrease for the month, down 3.1 percent to US$137.33. Jakarta (-9.4 percent to US$46.99) and Bali (-6.4 percent to US$83.10) also reported single-digit RevPAR decreases. Four markets experienced RevPAR decreases of more than 35 percent: New Delhi (-41.5 percent to US$80.31); Bangkok (-41.3 percent to US$41.64); Mumbai (-39.3 percent to US$95.12); and Hong Kong (-36.2 percent to US$88.91).