Bangkok was the star performer in the latest STR Global survey of Asia Pacific’s major hotel markets, increasing occupancy 20% and Revenue Per Available Room 29% during October to a still cheap $US65. Tokyo and Jakarta also performed strongly but China’s hotel market market slipped on all measures thanks to supply outstripping demand. Other key points include:
- In year-over-year measurements, the Asia/Pacific region’s occupancy ended the month virtually flat with a 0.2 % decrease to 70.9%. Average daily (ADR) rate fell 0.6% to US$135.51 and its RevPAR was down 0.8 percent to US$96.08.
- Bangkok, Thailand, reported the largest occupancy increase, rising 20.1% to 70.2%. Delhi, India, followed with a 12.1% occupancy increase to 68.5%.
- Three markets experienced RevPAR increases of more than 20 percent: Bangkok (+28.7%); Tokyo (21%); and Jakarta (+20.3%).