STR Global: Global hotel performance data for January 2014

Data from STR Global shows that in January 2014, hotels in the Asia-Pacific region saw a decline in three key performance indicators (measured in US dollars).

In January 2014, the hotel occupancy rate in Asia Pacific fell by 3.6% year-on-year to 62.1%. ADR (average daily rate) fell by 1.9% to $125.75, and RevPAR (revenue per available room) fell by 5.4% to $78.03.

Elizabeth Winkle, Managing Director of STR Global, said: “The Asia Pacific hotel market is showing very different trends than other regional markets. There has been less positive news in the region and the January performance data reflects this. Australia and Oceania was the only sub-region to achieve occupancy growth (up 3.0% to 72.6%).

“The Thai market had mixed performance in January across all regions. The country saw declines in both occupancy (-13.8%) and RevPAR (-3.9%), with Bangkok seeing a sharp decline, while Phuket saw an increase in ADR and RevPAR. (All in local currency)

Hotel performance in key markets in January 2014 (compared to the same period last year, in local currencies):

Bali, Indonesia was the only region to achieve an occupancy rate increase of more than 10%, increasing by 10.2% to 66.0%.

Four markets saw occupancy rates fall by more than 10%, namely Bangkok, Thailand (down 25.8% to 57.0%); Beijing, China (down 13.8% to 54.7%); Hanoi, Vietnam (down 10.7% to 60.8%); and Ho Chi Minh City, Vietnam (down 10.0% to 65.0%).

Four markets achieved ADR growth of more than 10%, namely: Osaka, Japan (up 15.5% to 11,539.87 yen); Bali, Indonesia (up 14.8% to 1,696,229.43 rupiah); Jakarta, Indonesia (up 14.1% to 1,195,236.36 rupiah); Tokyo, Japan (up 10.1% to 15,813.03 yen).

The National Capital Territory of Delhi in India recorded the largest decline in ADR, falling 6.6% to INR 6,823.62.

The largest RevPAR increases were achieved in Bali, Indonesia (up 26.5% to IDR 119,473.83) and Osaka, Japan (up 20.3% to JPY 8,977.59).

Bangkok, Thailand, experienced the largest RevPAR decline, down 22.1% to 1,985.23 baht.

January 2014 hotel performance in key markets (compared to the same period last year, in US dollars):

Auckland, New Zealand, recorded the largest increase in ADRs, up 3.8% to $116.54.

The ADRs of the National Capital Region of Delhi and the city of Mumbai in India recorded the largest declines, with the former falling 20.4% to $108.75 and the latter falling 19.1% to $120.68.

Auckland, New Zealand, achieved the largest RevPAR increase, up 7.7% to $88.23, and Osaka, Japan ranked second with a 6.9% increase to $87.62.

Bangkok, Thailand, experienced the largest decline in RevPAR, down 29.8% to $60.10.