In 2012, the Asia-Pacific hotel market produced positive results.


In 2012, the Asia-Pacific hotel region saw positive outcomes in all three main performance measures as reported in US dollars, according to STR Global. properties for sale in qatar


The Asia-Pacific region's occupancy remained nearly unchanged in 2012, rising 0.5 percent to 68.3 percent, while its average daily rate rose 0.9 percent to US$129.26 and revenue per available room gained 1.4 percent to US$88.25.


"With a 1.4 percent RevPAR gain in 2012, Asia-Pacific had a slower rate of growth in all three key performance measures than in 2011," stated Elizabeth Randall Winkle, managing director of STR Global. "When it comes to the underlying factors of supply and demand, demand has been surpassing supply growth for the previous three years, and demand increased by 3.5 percent in 2012." The region's RevPAR of US$88.24 in 2012 fell just short of the US$89.71 in 2008, which was the highest RevPAR in the region's 14-year history.


"Thailand and Japan, out of the nations we track across the region, showed strong RevPAR improvements in local currency, highlighting their recovery from the events of 2011," she noted. "On the other hand, New Zealand had the largest loss in RevPAR across the region, with an 8.5 percent loss when compared to the 2011 Rugby World Cup."


Highlights from significant market performers for 2012 in local currency (year-over-year comparisons): Bangkok, Thailand (+11.0 percent to 70.5 percent) and Tokyo, Japan (+10.4 percent to 82.5 percent) saw the biggest year-over-year occupancy gains.


The highest reduction in occupancy was 5.4 percent to 63.7 percent in Ho Chi Minh City, Vietnam, followed by a 4.1-percent decline to 69.8 percent in Bali, Indonesia.


Jakarta, Indonesia (+17.9% to IDR930,099.39), Taipei, Taiwan (+12.0 percent to TWD5,599.24), and Tokyo, Japan (+10.2 percent to JPY14,528.61) also had double-digit ADR rises.


Tokyo (+21.6 percent to JPY11,990.11), Jakarta (+19.0 percent to IDR667,120.13), Bangkok (+16.9% to THB2,052.69), and Phuket, Thailand (+10.9 percent to THB2,851.38) all saw RevPAR rise of more than 10%.


Auckland, New Zealand, saw the year's biggest declines in ADR (-13.9 percent to NZD136.42) and RevPAR (-15.1 percent to NZD102.62).


Key market performers' highlights in US dollars for 2012 (year-over-year comparisons):


Taipei's ADR increased by 11.9 percent to US$189.38, the highest rise in that category.


The highest decreases for the year were in Delhi, India (-16.7 percent to US$141.91), and Mumbai, India (-14.9 percent to US$149.05).


Tokyo (+19.8 percent to US$149.56), Bangkok (+15.8 percent to US$65.95), Jakarta (+11.3 percent to US$70.75), and Phuket (+10.6 percent to US$91.80) all saw RevPAR increases of more than 10%.


The most significant drop in RevPAR was in Delhi, which plummeted 17.2 percent to US$88.34.


The Asia-Pacific area recorded a 0.2 percent increase in occupancy to 66.6 percent, a 1.2 percent increase in ADR to US$133.00, and a 1.4 percent increase in RevPAR to US$88.64 in December 2012.

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