Hotels in key Southeast Asia metropolises achieved strong growth in terms of revenue per available room (revPAR) in September 2011. According to data from STR Global, provided exclusively to Travel Daily, five out of six of the region’s major metros – Bangkok, Ho Chi Minh City, Jakarta, Kuala Lumpur and Singapore – reported double-digit year-on-year revPAR growth last month, while Manila posted single-digit gains.
The region was led by Jakarta, which saw a 49.6% jump in revPAR, driven by a 24.7% rise in occupancy (to 71.2%) and a 20.0% increase in average daily rate (ADR), which jumped from US$79 in September 2010 to US$95 last month.
In Bangkok, recovering occupancy levels (+26.5% to 68.5%) drove a 34.1% revPAR increase, while ADR climbed 6.0% to US$97.
Ho Chi Minh City saw a similar trend, with rising occupancy (+15.1% to 69.0%) the main driving force behind a 22.3% revPAR rise. The city’s ADR increased 6.3% to US$131.
This level of revPAR growth was approximately the same as Singapore, which increased 22.1% following a 14.9% rise in ADR, to US$252. Occupancy in Singapore gained 6.3% to average a strong 85.2%.
Kuala Lumpur‘s 20.5% revPAR growth was entirely driven by rising occupancy (+21.7% to 77.0%), as ADR slipped 0.9% to US$112.
Finally in Manila, marginal growth in terms of both occupancy (+1.3% to 69.5%) and ADR (+3.0% to US$117) allowed revPAR to increase 4.4%.