Economy and Investment

Hotels in Thailand and Japan posted double-digit improvements in 2012

by Editor Aectourismthai

LONDON, 1 February 2013: Hotels in Thailand and Japan posted double-digit improvements in 2012, according to data compiled by STR Global, against minimal improvements elsewhere in the Asia-Pacific region.

Achieving the largest occupancy increases for the year, Bangkok’s occupancy rose 11% to 70.5%, while and Tokyo  improved 10.4% to 82.5%.

Considering revenue per available room, Tokyo saw a growth of 19.8% to US$149.56, while Bangkok increased 15.8% to US$65.95.

“Of the countries we track across the region, Thailand and Japan returned strong improvements, highlighting their recoveries from 2011 events”, STR Global managing director, Elizabeth Randall Winkle explained. “New Zealand, on the other hand, saw the biggest drop of RevPAR across the region with an 8.5% decline, as the performance compared against a high during the 2011 Rugby World Cup.”

In 2012, the Asia-Pacific region’s occupancy ended virtually flat with a 0.5% increase to 68.3%. Meanwhile average daily rate increased 0.9% to US$129.26 and revenue per available room was up 1.4% to US$88.25.

“Asia-Pacific, with its 1.4% RevPAR increase, saw a slower growth rate in all three key performance indicators during 2012 than during 2011”, said Ms Winkle.

“Looking at the underlying supply and demand factors, demand has been outpacing supply over the past three years, and demand grew 3.5% during 2012. The region’s RevPAR of US$88.24 for 2012 was just short of the US$89.71 from 2008, which represents the highest RevPAR achieved over the past 14 years.”

Highlights from key market performers for 2012 in local currency (year-over-year comparisons):

• Bangkok, Thailand (+11% to 70.5%), and Tokyo, Japan (+10.4% to 82.5%).

• Ho Chi Minh City, Vietnam, fell 5.4% in occupancy to 63.7%, posting the largest decrease in that metric, followed by Bali, Indonesia, with a 4.1% decrease to 69.8%.

• Three markets experienced double-digit ADR increases: Jakarta, Indonesia (+17.9% to IDR930,099.39); Taipei, Taiwan (+12% to TWD5,599.24); and Tokyo (+10.2% to JPY14,528.61).

• Four markets achieved RevPAR growth of more than 10%: Tokyo (+21.6% to JPY11,990.11); Jakarta (+19% to IDR667,120.13); Bangkok (+16.9% to Bt2,052.69); and Phuket, Thailand (+10.9% to Bt2,851.38).

• Auckland, New Zealand, reported the largest ADR (-13.9% to NZD136.42) and RevPAR (-15.1% to NZD102.62) decreases for the year.

Highlights from key market performers for 2012 in US dollars (year-over-year comparisons):

• Taipei rose 11.9% in ADR to US$189.38, reporting the largest increase in that metric.

• Delhi, India (-16.7% to US$141.91), and Mumbai, India (-14.9% to US$149.05), posted the largest decreases for the year.

• Four markets experienced RevPAR growth of more than 10%: Tokyo (+19.8% to US$149.56); Bangkok (+15.8% to US$65.95); Jakarta (+11.3% to US$70.75); and Phuket (+10.6% to US$91.80).

• Delhi fell 17.2% in RevPAR to US$88.34, reporting the largest decrease.


Editor Aectourismthai

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