Demand dropped for hotels across Asia Pacific during January, according to the latest research from STR Global. “The region saw a slightly weaker start in the new year, with a small decline in demand (-0.8%) reflected in a drop in occupancy (-3.4%)”, said STR Managing Director Elizabeth Randall. Remarkably, the strife-torn Maldives grew both occupancy and room rates during the month despite political turmoil and bad publicity.

Ms Randall commented: “The Maldives, which have been in the news lately, continue to show double-digit demand growth (+11.6%) and increases in occupancy and average room rates. Additionally to the perceived stability of the country, currency exchange rates play a key role in the island nation, with average room rates increasing 37.4% in local currency but only 15.6% in British pounds, the currency of its main source market”.

Highlights from key market performers in January 2012 in local currency (year-over-year comparisons):

  • Kuala Lumpur, Malaysia (+10.0 percent to 69.9 percent), and Osaka, Japan (+10.0 percent to 74.7 percent), reported the only double-digit occupancy increases.
  • Hong Kong rose 19.2 percent in ADR to HKD1,996.39, reporting the largest increase in that metric, followed by Jakarta, Indonesia, with a 16.3-percent increase to IDR882,093.23.
  • Three markets experienced RevPAR increases of more than 15 percent: Osaka (+18.9 percent to IDR7,832.13); Bali, Indonesia (+16.4 percent to IDR1,169,424.37); and Hong Kong (+15.9 percent to HKD1,591.90).
  • New Delhi, India, fell 8.5 percent in RevPAR to INR5,148.10, reporting the largest decrease in that metric.

Performances of key countries in January 2012 (all monetary units in local currency):

Country

Occupancy

% change

ADR

% change

RevPAR

% change

Australia

72.3%

+4.7%

AUD175.61

+0.1%

AUD126.89

+4.8%

India

63.0%

-1.2%

INR6,885.80

-4.2%

INR4,340.70

-5.4%

Singapore

80.4%

+1.5%

SGD287.92

+4.9%

SGD231.46

+6.5%

*percentages are increases/decreases for 2012 vs. 2011

Ends.

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