Good numbers for Phuket hotels
PHUKET: Hotels on the island are back on track, reporting stronger performance in revenue per room in April, benchmarking experts STR Global have declared.
Thursday 7 June 2012, 04:14PM
Phuket reported double-digit increases in both average daily rate (ADR) and revenue per available room (RevPAR). ADR in Phuket during April increased 18.3 per cent to B3,931.25, while RevPAR rose 25.8 per cent to B3,112.21.
General performances in the Asia-Pacific region in April showed positive results in three key performance metrics – occupancy, ADR and RevPAR – when compared to the same month last year.
The region’s occupancy increased by 3.8 points to 67.6 per cent. ADR rose 3.6 per cent to US$145 (B4,580) and RevPAR by 7.6 per cent to US$98 (B3,100).
Japan showed solid signs of a comeback with Tokyo topping the performance in the three key metrics. Occupancy rose from 63 to 84.8 per cent while ADR was up 27 per cent to US$180 (B5,690) and RevPAR by more than doubled to US$152 (B4,800).
At the other end of the scale India reported the largest decline in ADR and RevPAR, at 24.8 per cent to US$132 (B4,173) and 27.2 per cent to US$82 (B2,624) respectively.
STR Global managing director, Elizabeth Randall said: “Hotels across Asia-Pacific sustained growth in both occupancy and average room rates.
“Looking at the supply and demand results for the first four months of this year, supply grew at the lowest rate for January-April for the past six years. [It rose 2.8 per cent.]
“Demand achieved the second highest growth rate for the four-month period in the past six years with a 5.3 per cent improvement, surpassed only by the demand growth in the corresponding period in 2010.”