STR Global launches south east Asia report
02 August 2010
Hospitality market intelligence firm STR Global has launched a new report dedicated to south east Asia.
The monthly report, which launched in May, provides hotel performance information for Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam within the economic, social and cultural bloc of the Association of Southeast Asian Nations (ASEAN).
Commenting on the first report, STR said the overall picture was of a region in the midst of a strong recovery. All markets in the report showed positive growth in revenue per available room (RevPAR) for the year-to-date June 2010, even if the comparison with the same period for 2009 needs to be tempered by the weak performance of last year, the firm noted.
The results show the on-going political crisis in Thailand has not significantly affected the hotel performance of the Thai coastal resorts of Hua Hin and Phuket, according to the report.
Bali recorded the highest actual occupancy (71%) and ADR (US$121) in Indonesia for the first six months of the year, while Singapore showed promising signs of recovery with occupancy improvements pulling up ADR.
“The launch of the ASEAN Hotel Review reinforces the strong market position of STR Global in Asia,” said STR Global managing director Elizabeth Randall. “Together with our other regional reports and benchmarking services we deliver an unrivalled depth of knowledge of the local hospitality industry.”
Hotel Performance for the year to June 2010 versus YTD 2009 (US$)
|
|
Occ
|
ADR
|
RevPAR
|
|
Indonesia
|
|
|
|
|
Bali
|
7.8%
|
10.7%
|
19.3%
|
|
Jakarta
|
4.9%
|
16.3%
|
21.9%
|
|
Bandung
|
7.8%
|
17.9%
|
27.1%
|
|
Malaysia
|
|
|
|
|
Kuala Lumpur
|
12.3%
|
12.2%
|
25.9%
|
|
Philippines
|
|
|
|
|
Manila
|
8.0%
|
6.3%
|
14.9%
|
|
Singapore
|
23.2%
|
13.5%
|
39.9%
|
|
Thailand
|
|
|
|
|
Bangkok
|
0.7%
|
0.2%
|
0.9%
|
|
Chiang Mai
|
35.9%
|
-8.5%
|
24.3%
|
|
Hua Hin
|
4.9%
|
2.2%
|
7.3%
|
|
Phuket
|
24.8%
|
9.6%
|
36.7%
|
|
Vietnam
|
|
|
|
|
Hanoi
|
22.0%
|
-8.2%
|
12.0%
|
|
Ho Chi Minh
|
25.9%
|
-9.4%
|
14.0%
|
Source: STR Global
