Hotels in the Asia-Pacific region experienced mostly positive results in the three key performance metrics during May 2011 (in $US), according to data compiled by STR Global.In year-over-year measurements, the Asia-Pacific region’s occupancy ended the month virtually flat with a 0.2% decrease to 64%.Average daily rate (ADR) increased 13.5% to US$138.54, and revenue per available room jumped 13.3% to US$88.72.”Supply increases outpaced demand for the first five months of this year growing 2.6% and 2%, respectively”, said Elizabeth Randall, managing director of STR Global. “Therefore the occupancy levels across the region are down slightly by 0.6%, year to date. Occupancy continued to improve across Central & South Asia, South-eastern Asia and Oceania.The report said Bangkok came back strongly in May from governmental protests last year. “Shanghai hosted the World Expo last year, which depressed the performance for this May. Tokyo continued to report weak performances against last year following March events”.India average occupancy was 57.9%, up 4.3%.ADR for India dropped slightly by 1.2% but RevPAR rose 3.1%. (see table)Highlights from key market performers for May 2011 in local currency (year-over-year comparisons):* Bangkok, Thailand, achieved the largest occupancy increase, jumping 117% to 57.8%, followed by Phuket, Thailand, with a 26.2% increase to 51.5%.* Two markets experienced double-digit occupancy decreases: Tokyo, Japan (-22.7% to 59.5%), and Shanghai, China (-21.8 % to 58.5 %).* Hong Kong (+28.7 % to HKD1818.80), and Bangkok (+15.2% to THB2908.14) posted the largest ADR increases for the month.* Tokyo reported the largest decrease in ADR (-13.5 % to JPY13180.80) and RevPAR (-33.1% to JPY7847.23).* Bangkok achieved the largest RevPAR increase, rising 150% to THB1679.61, followed by Hong Kong with a 31.1-% increase to HKD1456.23.
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