Asian hotel performance dip slightly last year

Travel News 01 Feb 2016

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).