Hotel occupancy in the Asia Pacific region fell again in November 2012; the fifth straight monthly decline.
The region’s occupancy dropped 1.1% year-on-year to 72.1%, although this was offset by a 2.5% rise in average daily rate (ADR), which reached US$132. Revenue per available room (revPAR) was up 1.4% to US$95.
“For the [first] 11 months this year, the [Asia Pacific] region achieved an almost flat occupancy growth of 0.6% to 68.4%,” said Elizabeth Winkle-Randall, managing director of STR Global. “Average daily rates performed very similarly, with a 0.9% growth to US$129. The number of available rooms in the region increased only 2.9% year-to-date, the lowest increase in supply over the past six years. Demand for hotel accommodation across the region continued to rise, growing 3.5% year-to-date to more than 699 million rooms occupied year-to-date.”
India and China continue to drag down the region’s overall results. China, which has seen a huge influx of new hotel room supply, saw average occupancy levels fall 3.2% to 67.5%, while revPAR fell 4.7% to approximately US$70. India meanwhile, saw occupancy fall 8.6% to 62.0%, and revPAR plunge 11.8% to around US$76.
In Australia however, steady growth in terms of both occupancy and ADR pushed revPAR up 4.4% to approximately US$151, while in Singapore revPAR remained virtually flat, falling 0.2% to US$211.
Recovering from a flood-hit November 2011, Bangkok saw the largest year-on-year occupancy growth, jumping 45.1% to 82.5%.