News

Modest growth for Aus hotels in 2012

Asia Pacific hotel occupancies remained virtually flat in 2012 with Australian hotels just ahead of the trend, according to new data from analyst firm STR Global.

Regional occupancy climbed just 0.5 percentage points over the year to 68.3% with Australian occupancy creeping up by 0.8 percentage points to 73.9%.

The average daily rate (ADR) at an Australian property rose 3.1% to $175.32 while RevPAR climbed 3.9% to $129.49. The figures are above the regional ADR increase of 0.9% to US$129.26 (AU$122.71) and 1.4% rise in RevPAR to US$88.25 (AU$83.78).

Bangkok and Tokyo saw the largest occupancy increases for the year, up 11% and 10.4% respectively.

Meanwhile, Ho Chi Minh City and Bali recorded the largest declines of 5.4% and 4.1%.

But New Zealand saw the largest decline in RevPAR across the region, down 8.5% on 2011 when it hosted the Rugby World Cup.

STR managing director Elizabeth Randall Winkle said the figures showed Asia Pacific growth has slowed in all three key performance indicators during 2012 compared with 2011.

"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," she said.

But she stressed that regional RevPAR of US$88.25 (AU$83.78) is "just short" of the 2008 figure of US$89.71 (AU$85.18), which was the highest RevPAR achieved over the last 14 years.

 

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