Hotels in the Asia Pacific region reported mostly negative results in the three key performance metrics when reported in U.S. dollar constant currency, according to November 2015 data compiled by STR Global.
Compared to November 2014, the Asia Pacific region reported a 1.8% decrease in occupancy to 70.4%. Average daily rate remained nearly flat (+0.1% to US$110.91). Revenue per available room fell 1.8% to US$78.13. From November 2014 to November 2015, occupancy in Southeast Asia was flat at 67.4% while ADR and RevPAR declined both by 1.2% to respectively US$123.95 and US$83.51 compared to US$125.42 and US$84.49 a year earlier.
Malaysia saw a 3.1% decrease in occupancy to 65.5%. However, ADR rose 7.9% to MYR351.97, driving a 4.6% increase in RevPAR to MYR230.39. U.S. President Barack Obama’s visit to Malaysia during the ASEAN Summit proved to be the main force behind the growth, with hotels reporting RevPAR increases of more than 20.0% from 19-22 November.
The Philippines experienced nearly flat occupancy performance (-0.3% to 73.5%) but double-digit growth in ADR (+11.1% to PHP6,150.59) and RevPAR (+10.7% to PHP4,523.30). The country hosted the APEC CEO Summit on 16-18 November.
Vietnam reported increases across the three key performance metrics: occupancy (+1.7% to 69.3%), ADR (+1.9% to VND2,681,036.04) and RevPAR (+3.6% to VND1,857,636.46). The Vietnamese Ministry of Finance announced early in October a decrease in fees (beginning 23 November) for the issuance of passports, visas and documents related to entry, exit, transit and residence in the country.
In Indonesia, Jakarta experienced decreases in occupancy (-6.6% to 66.9%) and RevPAR (-5.9% to IDR743,375.57). ADR increased 0.7% to IDR1,111,708.34. Supply growth (+6.8%) significantly outperformed demand growth (-0.2%) in the market.