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Huge Gain of RevPAR of Hotels in Asia Pacific
The stats for April 2012 revealed by STR Global show that hotels located in Asia Pacific region feature the biggest gain in RevPAR (revenue per available room). When compared with the same period of the previous year, Asia Pacific accommodations show the rise of occupancy of 3.8% up to 67.6%. Average daily rates have also improved by 3.6% and now estimate US$145.01. The growth of these figures has caused the increase of PevPAR to US$98.07 (+7.6%).
Hotels located in Asia Pacific region feature tremendous growth in both rates and occupancy. This is the result of the positive proportion between supply and demand for hotel rooms. During first four months of the year supply added just 2.8%. This is the lowest rate for the 4-month period from January to April within past six years. At the same time the demand for the same period added 5.3%. This is the second maximum result for the past six years with the growth of demand for January-April 2010 taking the lead.
Hotels in Tokyo feature the biggest raise in occupancy. Here the growth estimated 63.0% comparing to the same period of 2011 and reached 84.8%. The second place is occupied by another Japanese city, Osaka. Hotels in Osaka featured the occupancy of 87.0% in April (+22.3%). The largest decrease is reached by hotels in Ho Chi Minh City (Vietnam). Here the occupancy fell by 6.8% to the level of 64.5%.
ADR of Tokyo reached US$183.97 (the best result for the region). Hotels in Jakarta (Indonesia) are 21.8% up with ADR of US$101.38, and the third place is occupied by Phuket accommodations (Thailand) - +18.3% to the level of US$125.27.
The top six cities of Asia Pacific with greatest increase in RevPAR are Tokyo (+ 104.3%, US$156), Phuket (+ 25.8%, US$99.17), Osaka (+ 24.5%, US$120.95), Taipei (+ 23.8%, US$154.86), Jakarta (+ 21.4%, US$71.42), and Beijing (+ 20.4%, US$89.23).
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