China Tourism News

Singapore, China Drive Hotel Recovery In Aisa Pacific

By Michael Bruce on 23 September 2010 (From Travel Weekly)

China and Singapore continue to fuel the hotel recovery in Asia Pacific, as Australia also posted solid increases across three key indicators in August.

Data from STR Global showed occupancy rates in Australia increased 5% in August to 75.3%. Revenue per available room increased 6.7% to $123.02, while the average daily rate rose 1.6% to $163.28.

The recovery was particularly strong in Brisbane, which was one of just five markets in Asia Pacific to post a revpar increase of more than 20%, jumping 23.1% to US$134.98.

Singapore continues to perform ahead of expectations, posting double-digit improvements in ADR and revpar during the period. Occupancy rates also increased 9.6% to 83.5%.

STR Global managing director, Elizabeth Randall, said Asia Pacific continued to lead the way in revpar recovery. She said new attractions in Singapore - including the new Marina Bay Sands – had helped fuel demand.

“Singapore saw double-digit monthly improvements in demand this year resulting in occupancy levels of around and over 80%,” she said.

Revpar in China increased 27.4%.

The most significant falls in revpar were felt in Bangkok (-5.4%) and Phuket (-1.9%).