January was a relatively tough month for most Asia Pacific hotel markets – especially protest-torn Bangkok, where occupancy fell 26% over the previous year. “Performance in Asia Pacific is showing vastly different trends compared with the other world regions”, said Elizabeth Winkle, managing director of STR Global.

“There has not been a lot of positive news coming out of the region, and that is reflected in hotel performance.” Exceptions were Australia and, surprisingly,  Bali, the only market to report a double-digit occupancy increase (10.2% to 66%) despite a significant increase in supply.

Bali’s average daily rate and RevPAR also grew sharply – up 14.8% and 26.5% respectively.

Across Asia Pacific, occupancy for January fell 3.6% to 62.1%; average daily rate dropped 1.9% to US$125.75; and revenue per available room slumped 5.4% to USD 78.03.

“Australia and Oceania was the only sub-region to report positive occupancy growth (+3.0% to 72.6%),” Ms Winkle said.

“Thailand performance was varied in January, as the country reported declines in both occupancy (-13.8%) and RevPAR (-3.9%), when measured in local currency”, Winkle continued.

“Bangkok reported steep performance declines while ADR and RevPAR in Phuket were positive when measured in local currency”.

Highlights from key market performers for January 2014 in local currency (year-over-year comparisons):

  • Four markets experienced double-digit occupancy decreases:  Bangkok, Thailand (-25.8% to 57.0%); Beijing, China (-13.8% to 54.7%); Hanoi, Vietnam (-10.7% to 60.8%); and Ho Chi Minh City, Vietnam (-10.0 percent to 65.0%).
  • Four markets achieved double-digit ADR increases: Osaka, Japan (+15.5% to JPY11,539.87); Bali (+14.8% to IDR1,696,229.43); Jakarta, Indonesia (+14.1% to IDR1,195,236.36); and Tokyo, Japan (+10.1% to JPY15,813.03).
  • Delhi-NCR, India, fell 6.6% to INR6,823.62 in ADR, posting the largest decrease in that metric.
  • Bali (+26.5% to IDR1,119,473.83) and Osaka (+20.3% to JPY8,977.59) experienced the largest RevPAR increases.
  • Bangkok fell 22.1% to THB1,985.23 in RevPAR, experiencing the largest decrease in that metric. Bangkok also experienced the largest RevPAR decline measured in USD, falling 29.8% to USD60.10.
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