ASIA-PACIFIC (APAC) hotels suffered a slight dip in occupancy but achieved modest increases in average daily rate (ADR) and revenue per available room (RevPAR) for November 2012, according to STR Global.
In year-over-year measurements, APAC’s occupancy ended the month down with a 1.1 per cent decrease to 72.1 per cent; ADR rose 2.5 per cent to US$132; and its RevPAR was up 1.4 per cent to US$95.
“For 11 months this year, the region achieved an almost flat occupancy growth of 0.6 per cent to 68.4 per cent”, said Elizabeth Winkle Randall, managing director of STR Global. “ADR performed very similarly, with a 0.9 per cent growth to US$129.25. The number of available rooms in the region increased only 2.9 per cent year-to-date, the lowest increase in supply over the past six years. Demand for hotel accommodation across the region continued to rise, growing 3.5 per cent year-to-date to more than 699 million rooms occupied year-to-date.
“Thailand reported a huge boost to its November results, bouncing back from the flood-impacted November performance last year”, Winkle commented. “Bangkok achieved 82.5 per cent occupancy, which is the first time since 2007 that the month of November reached more than 80 per cent occupancy”.
For November 2012, Bangkok also posted the largest increase in ADR, rising 38.1 per cent in ADR to US$100, followed by Taipei with an 18.4 per cent increase to US$209. Delhi reported the largest ADR decrease, falling 13.5 per cent to US$150.
At the same time, Bangkok jumped 100 per cent in RevPAR to US$82.7, achieving the largest growth in that metric, while Mumbai (-21.9 per cent to US$99.6) and Delhi (-18.6 per cent to US$103) ended the month with the largest RevPAR decreases.