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STR Reports Global Hotel Performances for 2012
According to data compiled by STR Global, hotels in the Asia Pacific region experienced positive results in the three key performance metrics in 2012 when reported in U.S. dollars.
In 2012, the Asia Pacific region's occupancy ended the year virtually flat with a 0.5% increase to 68.3%, ADR increased 0.9% to US$129.26 and RevPAR was up 1.4% to US$88.25.
"Asia Pacific, with its 1.4% RevPAR increase, saw a slower growth rate in all three key performance indicators during 2012 than during 2011," said Elizabeth Randall Winkle, managing director of STR Global. "Looking at the underlying factors of supply and demand, demand has been outpacing supply increases over the past three years, and demand grew 3.5% during 2012. The region's RevPAR of US$88.24 for 2012 is just short of the US$89.71 from 2008, which represents the highest RevPAR achieved over the past 14 years. Out of the countries we track across the region, Thailand and Japan had strong RevPAR improvements in local currency, highlighting their recoveries from 2011 events. New Zealand, on the other hand, saw the biggest drop of RevPAR across the region with 8.5% decline, as the performance compared against the 2011 Rugby World Cup."
Highlights from key market performers for 2012 in local currency (year-on-year comparisons):
Highlights from key market performers for 2012 in U.S. dollars (year-on-year comparisons):
The European hotel industry posted mixed results in year-on-year metrics when reported in U.S. dollars, euros and British Pounds for 2012.
"European hotels during December reported the highest increase in occupancy for any month in 2012," said Ms Randall Winkle. "The 2.8% occupancy increase, compared with December 2011, is a nice reprieve from the recent monthly performances, which moved compared with the prior year between the -1.0% and +1.0%. 2012 was the year for ADR increases, ending with 4.7% increase to EUR104.24. Looking at the 38 European markets that we forecast, we are currently predicting continued ADR growth during 2013 in 26 markets, where as the forecast sees 19 markets with declining occupancy performances."
Highlights from key market performers for 2012 include (year-on-year comparisons, all currency in euros):
The Middle East/Africa region reported mostly mixed performance results in 2012 when reported in U.S. dollars.
In 2012, the region reported a 6.1% increase in occupancy to 60.3%, a 0.5% decrease in ADR to US$161.64 and a 5.6% increase in RevPAR to US$97.54.
"Looking at African performance in constant U.S. dollars, a difference in ADR performances between Northern Africa and the rest of Africa becomes evident; Northern Africa's ADR declined 2.1% in constant USD, whilst the remaining continent's ADR increased 2.6% in constant USD," said Ms Randall Winkle. "Northern Africa experienced a bounce back in occupancy with a 16.8% increase to 52%. Its African neighbours grew 3.9% to 59.6% occupancy. The Middle East had a good year achieving its third highest RevPAR of US$131.48 within the last eight years. The region remained popular with developers and guests growing 6.3% in room inventory and 10.2% in demand."
Highlights among the region's key markets for 2012 include (year-on-year comparisons, all currency in U.S. dollars):
Source: Asia Travel Tips
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