Asia Pacific, Americas RevPAR Up In October: STR Global

　　Hotels in the Middle East/Africa and the Americas saw region-wide RevPAR increases in October while Asia Pacific saw a slight RevPAR decrease, according to new data from STR Global.

　　The Middle East/Africa region region"s occupancy increased 4.6% to 65.5% during the month, its ADR rose 9.4% to US$183.97 and its RevPAR grew 14.4% to US$120.56.

　　“ADR across the Middle East saw a doubled-digit uplift in October for the first time this year, growing 13.3% to US$246 after benefiting from the Eid celebrations that took place in October this year,” said Elizabeth Randall Winkle, managing director of STR Global.

　　Across Saudi Arabia, RevPAR grew 38.8% in U.S. dollar terms against October 2011. The biggest RevPAR increases were reported in Makkah, up 88.2% and Medina, up 36.9% followed by Al Khobar, up 25.1% and Jeddah, up 23.4%. RevPAR in Riyadh, the country"s business hub, declined 38.4% in the same month.

　　ADR in U.S. dollar terms across Africa continued to soften against last year, declining for all 10 months this year to report a 7.7% decline. Occupancy, on the other hand, grew all months expect January, reporting a 9.4% increase year to date to 56%.

　　Cairo rose 11.1% in occupancy to 52.0%, reporting the largest increase in that metric. Jeddah, up 26.9% to US$243.19 and Dubai, United Arab Emirates, up 13.2% to US$272.70, ended the month with the largest ADR increases.

　　Four markets achieved double-digit RevPAR growth: Jeddah, up 23.4% to U$189.54, Dubai, up 20.4% to US$224.51, Cairo, up 17.3% to US$59.10 and Sandton, South Africa, up 12.5% to US$84.01.

　　Beirut, Lebanon, reported the largest decrease in all three key performance metrics. The market"s occupancy fell 37.7% to 38.5%, its ADR was down 15.9% to US$159.34, and its RevPAR decreased 47.6% to US$61.36.

　　Americas

　　The Americas region ended the month with a 2.4% increase in occupancy to 64.3%, a 3.9% gain in ADR to US$111.10 and a 6.4% increase in RevPAR to US$71.39.

　　Among the markets in the region, San Juan, Puerto Rico, reported the largest occupancy increase, rising 12.9% to 71.1%.

　　San Francisco, up 9.6% to US$206.57 and Chicago, up 8.4% to US$146.74 achieved the largest ADR increases for the month.

　　Four markets experienced double-digit RevPAR increases in October: San Juan, up 16.5% to US$106.05, Chicago, up 14.5% to US$111.19, Los Angeles, up 14.3% to US$103.46 and San Francisco, up 12.8% to US$181.67.

　　Panama City, Panama, reported the largest decreases in all three key performance metrics. The market"s occupancy fell 25.4% to 44.6%, its ADR was down 17.6% to US$108.52 and its RevPAR decreased 38.5% to US$48.45.[page]

　　Asia Pacific

　　In year-over-year measurements, the Asia Pacific region"s occupancy ended the month virtually flat with a 0.2% decrease to 70.9%, its ADR fell 0.6% to US$135.51 and its RevPAR was down 0.8% to US$96.08.

　　“For the month of October, China reported 67% occupancy and US$111 ADR. Both key performance indicators were below the Asia/Pacific average of 71% occupancy and US$136 ADR,” Winkle said. “While supply growth has slowed across China to 3.5% for year to October, the room stock continued to increase at a higher rate than the regional 2.9%, which negatively impacted the country"s performance.”

　　Bangkok reported the largest occupancy increase, rising 20.1% to 70.2%, while New Delhi followed with a 12.1% occupancy increase to 68.5%.

　　Taipei, Taiwan, posted the largest occupancy decrease, falling 9.3% to 68.7%.

　　Four markets achieved double-digit ADR increases: Jakarta, Indonesia, up 21.4% to 989,081.91 rupiah (US$103.06), Tokyo, up 20.9% to ¥16,599.58 (US$202.20), Taipei, up 14.4% to T$5,978.13 (US$205.62) and Bali, Indonesia, up 11.7% to 1,344,455.67 rupiah (US$140.09).

　　Auckland, New Zealand, reported the largest decreases in both ADR, down 54.6% to NZD141.84 and RevPAR, down 55.9% to NZD111.55 for the month.

　　Three markets experienced RevPAR increases of more than 20%: Bangkok, up 28.7% to 2,001.16 baht (US$65.25), Tokyo, up 21% ¥14,282.24 (US$173.97) and Jakarta, up 20.3% to 769,637.95 rupiah (US$80.19).

　　Five markets experienced double-digit ADR increases: Taipei, up 17.8% to US$204.22, Tokyo, up 15.2% to US$208.41, Jakarta, up 11% to US$102.57, Phuket, Thailand, up 11.0% to US$93.73 and Manila, Philippines, up 10.3% to US$130.51.

　　Three markets achieved RevPAR increases of more than 15%: Bangkok, up 29.9% to US$65.03, Phuket, up 15.3% to US$67.64, Tokyo, up 15.2% to US$179.32.

　　Auckland reported the largest ADR decrease, falling 54.6% to US$116.42. The market also experienced the largest RevPAR decrease for the month, down 55.9% to US$91.55.

　　Europe

　　Europe saw mixed results in October.

　　“The positive news across the European hotel market is the solid performance of ADR with a 6.1% and 5.3% growth for October and the year-to-date period, respectively,” Winkle said. “ADR benefited from strong European demand, in terms of number of occupied rooms, which stands at historic high levels and continued to increase 1.4% for October and 0.9% for year-to-October.”

　　Bratislava, Slovakia, reported the largest occupancy increase, rising 15% to 60.6%, followed by Tel Aviv, Israel, up 14.9% to 80.9%, and Zurich, up 11.3% to 75.6%.

　　Lisbon, Portugal, fell 6.7% in occupancy to 73.7%, reporting the largest decrease in that metric.

　　Three markets reported ADR growth of more than 15%: Tel Aviv, up 18.6% to €197.32 (US$255.81), Budapest, Hungary, up 15.2% to €75.28 (US$97.59) and Paris, up 15.1% to €287.41 (US$372.60).

　　Athens, Greece, down 9.8% to €100.38 (US$130.13), and Vilnius, Lithuania, down 9.5% to €48.80 (US$63.26), posted the largest ADR decreases in October.

　　Three markets achieved RevPAR increases of more than 20%: Tel Aviv, up 36.2% to €159.68 (US$207.01), Dublin, up 23.4% to €76.15 (US$98.72) and Budapest, up 21.7% to €56.60 (US$73.38).

　　Two markets posted double-digit RevPAR decreases: Athens, down 14.2% to €58.54 (US$75.89) and Lisbon, down 12.2% to €67.81 (US$87.91).