Asian revPAR climbs in July

Guest Contributor

Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly

Hotels in Hong Kong experienced a sharp drop in revPAR in July 2015
Hotels in Hong Kong experienced a sharp drop in revPAR in July 2015

Hotels in the Asia Pacific region experienced rising occupancy, rates and revPAR (revenue per available room) in July 2015.

According to the latest monthly data from STR Global, the region’s occupancy rose 2.1% to 70.7% last month, while average daily rate (ADR) edged up 1.1% to US$105.12. This allowed revPAR to climb 3.2% to US$74.34.

But of course these results were taken before the bombing in Bangkok, which could have an impact on the region’s overall figures.

In terms of key markets, Singapore experienced a 1.9% increase in occupancy to 87.4%, but decreases in both ADR (-3.1% to SG$279.59 – approx. US$199) and revPAR (-1.3% to SG$244.34), while Hong Kong saw declining figures in all three areas: occupancy (-8.8% to 79.8%), ADR (-12.7% to HK$1,416.12 – approx. US$183) and revPAR (-20.4% to HK$1,129.47).

In contrast, Sydney and Tokyo saw improvements in all three areas. In the Australian city, occupancy rose 3.7% to 84.2%, ADR was up 6.9% to AU$190.62 (approx. US$136) and revPAR increased 10.9% to AU$160.42. And in the Japanese capital, occupancy increased 1.0% to 87.5%, ADR climbed 14.5% to JPY17,807.44 (approx. US$148) and revPAR jumped 15.6% to JPY15,585.04.

For the first seven months of the year, Asia Pacific’s results are almost flat, with occupancy edging up 0.4% to 67.2%, ADR down 0.7% to US$107.91 and revPAR down 0.3% to US$72.52.

You might also like

Comments are closed.

Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time