The Asian stars
Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly
The Thai capital – with the uncertain political situation and problems at the new Suvarnabhumi – saw the impact in occupancies falling 7.8% compared to last year, curbing revPAR at US$82.
Rival cities are also benefiting; in Vietnam Ho Chi Minh City recorded 49% RevPAR growth – the region’s second highest – while Hanoi grew 34.4%.Singapore and Manila also continued their impressive form, with strong RevPAR rises driven by average room rates.
In India, with a limited supply of rooms and increased demand in the business travel sector, Mumbai saw the region’s third highest RevPAR growth, an impressive 46.7% increase to US$197.
In China, new hotel openings have diluted occupancy levels and slowed performance growth. Shanghai, which will see its supply grow by over 6,000 rooms in 2007, has seen RevPAR fall 1.2% to US$97 in the first half of 2007, although this remains on a par with the regional average.
Comments are closed.