Delhi NCR Occupancy up by 2.1 per cent for September: STR Global Report
By BW Hotelier
ACCORDING TO STR’s Global Hotel Industry Performance Report for September 2015, Delhi-National Capital Region, India, saw a 2.1 per cent increase in occupancy to 62.9 per cent but decreases in ADR (-5.0 per cent to Rs 5,602.49) and RevPAR (-3.0 per cent to Rs 3,525.79) for the month of September compared to the same time last year. Hotels in the Asia Pacific region experienced positive results in two of the three key performance metrics when reported in U.S. dollar constant currency.
Compared to September 2014, the Asia Pacific region reported a 0.5 per cent decrease in occupancy to 68.1 per cent. However, average daily rate was up 2.0 per cent to USD 108.23, and revenue per available room increased 1.6 per cent to USD 73.71.
China reported slight decreases in each of the three key performance metrics: Occupancy (-0.6 per cent to 64.9 per cent), ADR (-1.2 per cent to CNY 548.27) and RevPAR (-1.8 per cent to CNY 355.97). Supply growth (+3.6 per cent) outpaced demand (+3.0 per cent) for September, and the slowdown in the country’s economy has come under global scrutiny. According to the National Bureau of Statistics of China, the country’s annual inflation rate was recorded at 1.6 per cent in September, down from 2.0 per cent in August. In addition, China’s economy grew by 6.9 per cent during the third quarter, down from 7.0 per cent in each of the first two quarters of the year.
New Zealand posted a 1.9 per cent increase in occupancy to 74.7 per cent, a 5.8 per cent rise in ADR to NZD 149.14 and a 7.8 per cent increase in RevPAR to NZD 111.33. Demand in the country was up 2.6 per cent for the month, while supply remained nearly flat at +0.6 per cent.
Taiwan recorded a 2.3 per cent decrease in occupancy to 63.0 per cent, a 1.7 per cent drop in ADR to TWD 5,671.17 and a 4.0 per cent decrease in RevPAR to TWD 3,573.69. Demand in the country slipped 1.3 per cent for the month. Also in late September, the Central Bank of Taiwan cut its interest rate to 1.75 per cent, the first such cut in the country since 2009.
Ho Chi Minh City, Vietnam, reported increases in each of the three key performance metrics: Occupancy (+2.5 per cent to 61.9 per cent), ADR (+7.3 per cent to VND 2,530,286.81) and RevPAR (+10.0 per cent to VND 1,565,411.12). The positive performance came as demand growth (+9.8 per cent) outpaced supply (+7.2 per cent).
Phuket, Thailand, experienced a 6.8 per cent increase in occupancy to 59.1 per cent, a 1.5 per cent rise in ADR to THB 2,740.18 and an 8.4 per cent increase in RevPAR to THB 1,619.93. Demand growth (+8.9 per cent) in the market was significant, and ADR increased for the first time in 15 months.
