The performance of hotels in Asia Pacific remained almost flat in 2015, compared to 2014.
According to the full-year data from STR Global, region-wide occupancy edged up just 0.1% to 68.2% last year, while the Asia Pacific’s average daily rate (ADR) dipped 0.5% to US$108.79. Revenue per available room (revPAR) was down 0.4% to US$74.25.
Oceania was the only sub-region to post a revPAR increase in 2015, rising 4.1% to US$107.84. Central & South Asia was down 0.6% to US$70.75, Northeast Asia dipped 0.8% to US$66.03 and Southeast Asia declined 1.3% to US$83.90.
In terms of the region’s major markets, China’s revPAR declined 3.5% to CNY354.91 (approx. US$54), driven by falling ADR (-3.4% to CNY545.20), while Singapore’s occupancy (-0.4% to 82.5%), ADR (-3.3% to SG$288.90, or approx. US$202) and revPAR (-3.7% to SG$238.38) all declined.
Thailand recorded double-digit growth in occupancy (+13.6% to 73.6%) and revPAR (+13.1% to THB2,668, or approx. US$74), but ADR in the country dipped 0.4% to THB3,663. Prior to the Bangkok bombing in August, the country had seen double-digit revPAR growth in seven consecutive months, but year-over-year comparisons were affected by a weak 2014.
Australia meanwhile, posted increases across all three measurements: occupancy (+1.3% to 75.6%), ADR (+1.9% to AU$183.31, or approx. US$129) and revPAR (+3.2% to AU$138.51).
In terms of cities, Hanoi experienced double-digit growth in terms of occupancy (+12.3% to 76.2%) and revPAR (+10.5% to VND1.76 million, or approx. US$78), while Tokyo’s ADR (+12.7% to JPY18,175, or approx. US$153) and revPAR (+12.5% to JPY15,749) also grew by double digits.
In Seoul however, declining occupancy (-10.8% to 68.9%) and ADR (-8.2% to KRW185,681, or approx. US$154) led to a major drop in revPAR (-18.2% to KRW128,001).