STR Reports Global Results For June

　　STR Global on Monday released June 2012 global hotel performance results for the Americas, Asia/Pacific, Europe and Middle East/Africa regions.

　　The Americas region reported a 4.1% increase in occupancy to 70%, a 4.3% gain in average daily rate to US$109.41 and an 8.6% jump in RevPAR to US$76.54.

　　Los Angeles reported the largest occupancy increase, rising 8.4% to 82.9%, followed by San Juan, Puerto Rico, with a 6.6% increase to 81.7%. Occupancy in Panama City, Panama, fell 20% to 44.5%, experiencing the largest decrease in that metric.

　　Four markets reported ADR growth of more than 10%: Rio de Janeiro (21% to US$245.43); San Francisco (18.5% to US$177.89); Santiago, Chile (12.1% to US$165.57); and Boston (10.3% to US$175.79). Sao Paulo (-11.4% to US$132.70) and Vancouver, Canada, (10.7% to US$142.52) ended the month with the only double-digit ADR decreases.

　　In the first half of 2012 year-to-date, the region"s occupancy was up 3.2% to 61.1%, its ADR grew 3.9% to US$107.75 and its RevPAR increased 7.2% to US$65.81.

　　Asia Pacific

　　In year-over-year measurements, Asia Pacific"s occupancy increased 1.8% to 66.2%, its average daily rate increased 5.4% to US$136.87 and its RevPAR was up 7.3% to US$90.66.

　　Year-to-date 2012 the region reported a 2.3% occupancy increase to 66%, a 3.3% rise in ADR to US$141.38 and 5.7% growth in RevPAR to US$93.26.

　　“As the region experienced a continuous increase in new hotel supply, growing with a 3.2% compound annual growth rate (CAGR) between the first six months of 2008 and 2012, demand has kept pace with a 3.1% CAGR," said Elizabeth Randall, managing director at STR Global.

　　Hanoi reported the largest occupancy increase in June, rising 13.1% to 61.8%, followed by Shanghai (11.3% to 62.7%) and Phuket, Thailand (10.2% to 59.3%).

　　Manila fell 6.3% in occupancy to 65.2%, posting the largest decrease in that metric.

　　Three markets experienced ADR increases of more than 20%: Jakarta (26.8%), Tokyo (22.3%) and Taipei (20.9%).

　　Delhi reported the largest ADR (-5.6%) and RevPAR (-10.8%) decreases for the month.

　　Europe results

　　Year-to-date 2012, the region"s occupancy was virtually flat with a 0.1% increase to 63.7%; its average daily rate was up 3.9% to €103.03 (US$124.23), and its RevPAR increased 4.1% to €65.64 (US$79.15).

　　"ADR across Europe continued to grow during June, showing robustness compared to the flatter occupancy performances recently," Randall said. "When comparing the first six months of 2012 to the first half in 2008, there is still ground to be made up.”

　　Frankfurt rose 13.3% in occupancy to 73.5%, posting the largest increase in that metric, followed by Istanbul (12.5% to 84.6%) and Reykjavik, Iceland (12.1% to 90.5%).

　　Athens fell 19.2% in occupancy to 65.6%, reporting the largest occupancy decrease.

　　Warsaw grew 97.4% in ADR to €158.82 (US$191.50), reporting the largest increase in that metric, followed by Frankfurt with a 28.6% increase to €127.58 (US$153.84).

　　Milan (-8.4% to €123.99/US$149.50) and Zurich (-8.0% to €197.58/US$238.24), ended the month with the largest ADR decreases.

　　Middle East, Africa

　　The region"s occupancy increased 8.7% to 58.2% during June, its average daily rate fell 1.8% to US$136.16 and its RevPAR rose 6.8% to US$79.22.

　　Year-to-date 2012, the region reported a 9.4% occupancy increase to 60.6%, a 1.5% ADR decrease to US$162.37 and a 7.7% rise in RevPAR to US$98.38.

　　“The region saw the highest increase in new room supply compared to the other world regions since 2008,” Randall said. “Africa reported continued occupancy improvements while average room rates remain under pressure compared to the first half 2011. In contrast, looking back at the first half of 2008, the Africa region surpassed its average room rate performance by US$12.68."

　　Muscat, Oman, rose 34.1% in occupancy to 51.6% in June, posting the largest increase in that metric, followed by Amman, Jordan, with a 15% increase to 67.8%.

　　Doha, Qatar, ended the month with the largest occupancy decrease, falling 11.8% to 49.4%.

　　Dubai achieved the largest ADR increase, rising 9.8% to US$170.07, followed by Amman with an 8.2% increase to US$155.51.

　　Cape Town, South Africa, fell 15.6% in ADR to US$102.93, posting the largest decrease in that metric, followed by Muscat with a 13.3% decrease to US$152.90.