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Hotels in Asia report double-digit decreases
in January 2009
Hotels in the Asia Pacific region reported double-digit
decreases when reported in US dollars for all three
key performance metrics for January 2009, according
to data compiled by STR Global.
Occupancy in the Asia Pacific region dropped 18.3% to
54.3%; ADR declined 12.2% to US$125.31; and RevPAR fell
28.3% to US$68.09.
Highlights from key individual markets in the Asia Pacific
region include (percentages are January 2009 vs. January
2008, data in US dollars):
• Three key markets posted increases in ADR and
RevPAR: Tokyo rose 25.9% to US$238.91 in ADR and 12.4%
to US$144.19 in RevPAR; Bali rose 28% to US$142.65 in
ADR and 17.5% to US$105.87 in RevPAR; and Osaka, Japan,
reported a 16.4% increase in ADR and an 11.6% rise in
RevPAR.
• Seoul, South Korea, reported an increase in occupancy,
rising 5.2% to 73.6%.
• Four markets reported decreases in occupancy
of less than 5%. Those markets include: Brisbane, Australia
(-3.9%); Osaka, Japan (-4.1%); Sydney, Australia (-4.2%);
and Melbourne, Australia (-4.3%).
• Three markets posted large decreases in ADR for
the month: Seoul (-33.4%); New Dehli, India (-34.2%);
and Mumbai, India (-37.7%).
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