The Americas region recorded positive results in the three key performance metrics when reported in US dollars for January 2013, according to data compiled by STR and STR Global.

In January, the Americas region reported a 3.3-percent increase in occupancy to 51.3 percent, a 4.8-percent gain in average daily rate to US$109.21 and an 8.3-percent jump in revenue per available room to US$56.04.

Among the key markets in the region, New York, New York, reported the largest occupancy increase, rising 11.4 percent to 73.8 percent. Buenos Aires, Argentina (-12.2 percent to 52.7 percent), and Panama City, Panama (-12.2 percent to 50.3 percent) posted the largest occupancy decreases for the month.

Three markets experienced double-digit ADR increases: Washington, D.C. (+17.0 percent to US$151.75); Miami, Florida (+12.2 percent to US$211.11); and San Juan, Puerto Rico (+11.2 percent to US$209.30).

Four markets achieved RevPAR increases of more than 15 percent: Washington, D.C. (+25.8 percent to US$79.24); San Juan (+18.4 percent to US$158.09); Miami (+17.5 percent to US$174.26); and New York (+16.3 percent to US$145.17).

Panama City reported the largest ADR (-9.4 percent to US$113.93) and RevPAR (-20.5 percent to US$57.27) decreases for the month.



STR Global: Asia/Pacific results for January 

Hotels in the Asia/Pacific region experienced mixed results in the three key performance metrics in January 2013 when reported in U.S. dollars, according to data compiled by STR Global.
 
In January, the Asia/Pacific region's occupancy ended the month with a 7.7-percent increase to 65.2 percent, its average daily rate decreased 6.3 percent to US$130.39 and its revenue per available room was up 1.0 percent to US$85.00.

"Despite having a 6.3-percent ADR decline in U.S. dollars for January 2013, the occupancy increase of 7.7 percent for the month helped the region achieve a positive RevPAR growth of 1 percent in USD", said Elizabeth Randall Winkle, managing director of STR Global. "For Central and South Asia, India is driving down the ADR with a drop of 9.3 percent USD for the month of January. Northeast Asia, which includes the regions of China and Japan, had their year-over-year changes impacted by the Chinese New Year. In 2013, the celebrations were held entirely in February, whereas in 2012 it was split between January and February. Overall, Northeast Asia saw an ADR decline of 11.2 percent in USD".

Highlights from key market performers for January in local currency (year-over-year comparisons):

• Four markets experienced occupancy increases of more than 20 percent: Ho Chi Minh City, Vietnam (+37.6 percent to 76.3 percent); Shanghai, China (+33.3 percent to 57.7 percent); Hanoi, Vietnam (+28.4 percent to 68.0 percent); and Beijing, China (+23.5 percent to 63.5 percent).
• Bali, Indonesia, posted the only double-digit occupancy decrease, falling 19.5 percent to 61.3 percent.
• Taipei, Taiwan (+23.1 percent to TWD5,961.48), and Jakarta, Indonesia (+21.8 percent to IDR1,026,606.50) experienced the largest ADR increases for the month.
• Delhi, India, fell 11.4 percent in ADR to INR7,337.10, posting the largest decrease in that metric.
• Three markets achieved RevPAR increases of more than 30 percent: Shanghai (+37.1 percent to CNY345.54); Beijing (+34.8 percent to CNY388.30); and Ho Chi Minh City (+34.7 percent to VND2,029,368.15).

Highlights from key market performers for January in U.S. dollars (year-over-year comparisons):

• Taipei achieved the largest ADR increase, rising 24.3 percent to US$201.70.
• Delhi (-16.6 percent to US$137.30) and Osaka, Japan (-14.1 percent to US$111.94), posted the largest ADR decreases for the month.
• Three markets experienced RevPAR increases of more than 35 percent: Shanghai (+37.4 percent to US$54.95); Ho Chi Minh City (+36.6 percent to US$97.45); and Beijing (+35.1 percent to US$61.75).
• Delhi fell 19.6 percent in RevPAR to US$86.66, reporting the largest decrease in that metric.

STR Global: Europe results for January 

The European hotel industry posted mixed results in year-over-year metrics when reported in U.S. dollars, euros and British pounds for January 2013, according to data compiled by STR Global.



"In euros, Europe's first month of the new year posted negative RevPAR results, being driven by a decline in ADR", said Elizabeth Randall Winkle, managing director of STR Global. "Western Europe was the only region in Europe to post positive RevPAR growth, with an increase in occupancy of 1.4 percent and ADR of 0.3 percent in euros. Germany is one of the main contributors within Western Europe to achieve positive results during the first month of 2013, achieving a RevPAR growth of 7.2 percent in euros".

Highlights from key market performers for January 2013 include (year-over-year comparisons, all currency in euros):

• Bratislava, Slovakia (+20.9 percent to 42.8 percent), and Copenhagen, Denmark (+10.2 percent to 51.0 percent), reported the largest occupancy increases for the month.
• Tel Aviv, Israel, fell 8.9 percent in occupancy to 58.2 percent, posting the largest decrease in that metric.
• Reykjavik, Iceland, reported the largest ADR increase, rising 23.1 percent to EUR68.88, followed by Tallinn, Estonia, with an 11.9-percent increase to EUR74.43.
• Warsaw, Poland, reported the only double-digit ADR decrease, falling 12.1 percent to EUR63.12.
• Three markets experienced RevPAR increases of more than 15 percent: Reykjavik (+26.5 percent to EUR30.31); Bratislava (+18.4 percent to EUR26.94); and Tallinn (+16.4 percent to EUR35.57).
• Tel Aviv fell 11.8 percent in RevPAR to EUR87.73, reporting the largest decrease in that metric.

STR Global: MEA results for January

The Middle East/Africa region reported positive performance results in January 2013 when reported in U.S. dollars, according to data compiled by STR Global.

The region reported an 8.2-percent increase in occupancy to 59.8 percent, a 1.3-percent increase in average daily rate to US$182.81 and a 9.6-percent increase in revenue per available room to US$109.29.

"The entire region posted a 9.6-percent increase in RevPAR for the first month of 2013 and was the best global performer in RevPAR percent change", said Elizabeth Randall Winkle, managing director of STR Global. "The Middle East is growing in both occupancy and ADR. Whilst still recovering in occupancy, the ADR in the African nations is still suffering as a result of continued political turmoil. Southern Africa showed a growing ADR of 8.3 percent (local currency)".

Highlights among the region's key markets for January 2013 include (year-over-year comparisons, all currency in U.S. dollars):

• Manama, Bahrain, reported the largest occupancy increase, rising 40.0 percent to 56.6 percent, followed by Cairo, Egypt (+17.2 percent to 42.7 percent), and Muscat, Oman (+14.9 percent to 67.9 percent).
• Amman, Jordan, fell 29.4 percent in occupancy to 45.7 percent, posting the largest decrease in that metric.
• Jeddah, Saudi Arabia, increased 14.0 percent in ADR to US$241.24, achieving the largest increase in that metric.
• Beirut, Lebanon, experienced the only double-digit ADR decrease, falling 25.5 percent to US$157.26.
• Manama (+39.8 percent to US$120.39) and Cairo (+14.5 percent to US$44.83) achieved the largest RevPAR increases for the month.
• Beirut fell 34.7 percent in RevPAR to US$72.79, reporting the largest decrease in that metric, followed by Amman with a 22.5-percent decrease to US$72.60.

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