Corporate Traveller

Hotel occupancy rate in Asia Pacific rises

Occupancy rates and average daily room (ADR) rates in the Asia Pacific region have rose slightly in July 2014.

STR Global data has found that hotels in the Asia Pacific region experienced a 0.3 per cent increase in occupancy in July 2014 to 70 per cent. The ADR similarly grew by 0.2 per cent to US$112.44.

When looking more specifically at Australia and Oceania the hotel occupancy rate for July 2014 was 75.1 per cent. This is a 1.4 per cent increase from July 2013.

The largest increase in occupancy rates in the month of July were recorded in Mumbai, India. Hotels had a 10.7 per cent increase, reaching 64.2 per cent occupancy.

Jakarta and Bangkok had the largest decrease in occupancy rates. Hotels in Jakarta and Bangkok had a number of spare rooms with an average occupancy rate of 49.8 per cent and 56.4 per cent.

Closer to home, the ADR in Sydney decreased by 5.1 per cent last month. The average price of a room in Sydney is now AUD$179.49. The average occupancy rate for hotels in Australia was 75.5 per cent in July, a 1.5 per cent increase over the same time last year.

Revenue per available room (RevPAR) for hotels in Auckland rose by 14 per cent to US$83.66. The RevPAR in Australia increased by 0.5 per cent to AUD$130.05.