The region’s occupancy for May increased 1.4 percent to 68.1 percent. However, average daily rate in the Asia Pacific region dropped 6.9 percent to US$105.54.
The region’s occupancy for May increased 1.4 percent to 68.1 percent. However, average daily rate in the Asia Pacific region dropped 6.9 percent to US$105.54, and its revenue per available room decreased 5.7 percent to US$71.84. Performance by country varied significantly on a local-currency basis: Thailand reported the largest increases in occupancy (+22.9 percent to 68.3 percent) and RevPAR (+20.9 percent to THB2,151.01). ADR in Thailand was down 1.6 percent to THB3,150.54. Thailand’s performance continues to improve in year-over-year comparisons, most notably in Bangkok, as the country is further removed from last year’s coup d'état. Myanmar experienced the steepest decline in occupancy (-27.4 percent to 41.4 percent) and RevPAR (-26.4 percent to MMK69,522.58). The country continues to be affected by a significant amount of new supply in the market. French Polynesia posted the largest increase in ADR, rising 16.2 percent to XPF40,657.53. Japan followed with a 12.9-percent rise in ADR to JPY14,666.02. South Korea reported the largest decrease in ADR, down 6.9 percent to KRW184,206.00. Japan (+16.2 percent to JPY12,223.56) and French Polynesia (+15.8 percent to XPF28,762.75) also posted double-digit increases in RevPAR. According to STR Global analysts, the devaluation of the Japanese Yen has made Japan a cheaper option for travellers. South Korea (-13.4 percent to KRW129,804.99) and Maldives (-10.6 percent to MVR5,257.00) were the two markets in addition to Myanmar to report double-digit drops in RevPAR. Highlights from key market performers for May 2015 in local currency (year-over-year comparisons):Bangkok experienced the largest occupancy increase, up 31.6 percent to 71.6 percent. Three additional markets saw double-digit increases in occupancy: Hanoi, Vietnam (+22.8 percent to 72.3 percent); Sanya, China (+16.1 percent to 52.8 percent); and Phuket, Thailand (+14.1 percent to 60.5 percent).
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