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Asia Pacific RevPAR, ADR spike despite lower occupancy in April

ASIA PACIFIC Hotels in the Asia Pacific region posted substantial gains in RevPAR and ADR during April, despite lower occupancy during the month.

In year-over-year measurements, Asia Pacific occupancy fell 2.1% to 64.7%, but ADR increased 14.6% to US$143.99, and RevPAR jumped 12.2% to US$93.19, according to STR Global data.

“Asia Pacific’s overall RevPAR performance continues to be driven by improvements in average room rates,” says Elizabeth Randall, managing director of STR Global. “Out of the 15 countries tracked in our Asia Pacific Hotel Review, only Japan—following the devastating March earthquake and tsunami—reported a decline in average room rates. Occupancy levels across the region, following a strong re-bounce last year, declined slightly compared to last year.”

Tokyo demand has continued to drop since the March disasters, reporting a 43% decline to 1.05 million occupied rooms for April. Osaka demand dropped 15% to 725,000 occupied rooms.

Bangkok reported a strong bounce in occupancy in April year over year, rising 36.9% to 59.3% as anti-government demonstrations had started in the Thailand capital in April 2010. Year-over-year improvements should continue in May and June in that city.

Bangkok’s occupancy gain was the largest recorded in April in the region. Mumbai ranked second, increasing 16.5% to 66.5%. Tokyo fell 42.8% in occupancy to 46.4%, posting the largest decrease in that metric, followed by Osaka, which reported a 15.4% drop to 69.1%.

Hong Kong rose 26.4% in ADR to HK$2,061.39, reporting the largest increase in that metric. Three markets achieved RevPAR increases of more than 20%: Bangkok (42.3% to 1,805.12 baht), Hong Kong (27.4% to HK$1,668.12) and Jakarta (21.7% to 558,290.50 rupiah).

Five markets achieved RevPAR increases of more than 25% during April: Bangkok (53.6% to US$60.19), Brisbane (30.7% to US$141.14), Hong Kong (27.45 to US$214.70), Jakarta (27.3% to US$64.71) and Sydney (25.2% to US$158.53).

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