ASIA PACIFIC Hotels in the Asia Pacific region experienced mostly positive results in the three key performance metrics during May, according to STR Global data.
In year-over-year measurements, Asia Pacific’s occupancy ended the month virtually flat with a 0.2% decrease to 64%, but ADR increased 13.5% to US$138.54, sending RevPAR soaring 13.3% for May to US$88.72.
Supply increases have outpaced demand for the first five months of this year in Asia Pacific, growing 2.6% and 2%, respectively. Occupancy levels across the region are down slightly by 0.6% year to date, but occupancy continues to improve across central and south Asia, southeastern Asia and Oceania.
Bangkok achieved the region’s largest occupancy increase in May, jumping 117% percent to 57.8%—a number that is obviously inflated as a result of last year’s violent government protests. Similarly, Phuket’s occupancy is up 26.2% to 51.5%.
Two Asia Pacific markets experienced double-digit occupancy decreases: Tokyo (22.7% to 59.5%) and Shanghai (21.8% to 58.5%).
Hong Kong (28.7% to HK$1,818.80) and Bangkok (15.2% to 2,908.14 baht) posted the largest ADR increases for the month. Tokyo reported the largest decrease in ADR (13.5% to ¥13,180.80) and RevPAR (33.1% to ¥7,847.23), obviously impacted by lingering effects of the March earthquake and tsunami.
Bangkok achieved the largest RevPAR increase, rising 150% to 1,679.61 baht, followed by Hong Kong with a 31.1% increase to HK$1,456.23.