Asia Pacific hotels see 13% RevPAR spike in May

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.