Asia/Pacific Hotel Results for February

　　LONDON—Hotels in the Asia/Pacific region experienced positive results in the three key performance metrics for February 2012 when reported in U.S. dollars, according to data compiled by STR Global.

　　In year-over-year measurements, the Asia/Pacific region’s occupancy increased 3.6 percent to 66.5 percent, its average daily rate increased 2.8 percent to US$145.92 and its revenue per available room was up 6.5 percent to US$97.08.

　　“The changing dates for Chinese New Year, which started 23 January 2012 compared to 3 February 2011, impacted select results across the region”, said Elizabeth Randall, managing director of STR Global. “Demand grew again (by 6.4 percent) for February 2012 on a like-for-like basis against February 2011, picking up from a weaker January result”.

　　Highlights from key market performers in February 2012 in local currency (year-over-year comparisons):

　　• Shanghai, China, rose 37.6 percent in occupancy to 55.9 percent, reporting the largest increase in that metric, followed by Beijing, China (+35.1 percent to 62.5 percent), and Hanoi, Vietnam (+23.0 percent to 76.5 percent).

　　• Bali, Indonesia, fell 11.4 percent in occupancy to 62.5 percent, posting the largest decrease in that metric.

　　• Jakarta, Indonesia (+19.7 percent to IDR919,981.37), and Taipei, Taiwan (+18.6 percent to TWD5,525.37), reported the largest ADR increases.

　　• New Delhi, India, posted the largest decreases in ADR (-10.8 percent to INR8,829.48) and RevPAR (-17.4 percent to INR6,625.16) for the month.

　　• Five markets experienced RevPAR increases of more than 20 percent: Beijing (+54.1 percent to CNY406.33); Shanghai (+40.8 percent to CNY418.57); Jakarta (+30.9 percent to IDR687,585.30); Hanoi (+26.5 percent to VND1,834,860.30) and Seoul, South Korea (+21.6 percent to KRW157,388.83).

　　Performances of key countries in February 2012 (all monetary units in local currency):

　　*percentages are increases/decreases for February 2012 vs. February 2011

　　Highlights from key market performers for February 2012 in U.S. dollars (year-over-year comparisons):

　　• Taipei (+19.4 percent to US$186.58) and Beijing (+19.1 percent to US$103.18) reported the largest ADR increases for the month.

　　• New Delhi fell 17.0 percent in ADR to US$178.48, posting the largest decrease in that metric. The market also reported the largest decrease in RevPAR, falling 23.1 percent to US$133.92.

　　• Three markets experienced RevPAR increases of more than 25 percent: Beijing (+60.9 percent to US$64.45); Shanghai (+47.1 percent to US$66.39); and Jakarta (+26.9 percent to US$75.36).