STR Global Reports Worldwide Hotel Performance Numbers for June 2009

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(News Source: STR Global)

The Americas

(LONDON & HENDERSONVILLE, TN) -- The Americas region recorded declines in all three key performance metrics when reported in U.S. dollars for June 2009, according to data compiled by STR and STR Global.

In year-over-year comparisons, occupancy for the region dropped 9.8 percent to 61.3 percent; average daily rate declined 10.6 percent to US$97.96; and revenue per available room decreased 19.4 percent to US$60.05.

Rio de Janeiro, Brazil, was the only key market to experience an occupancy increase, rising 13.7 percent to 61.3 percent. Washington, D.C., was virtually flat for the month, reporting a 0.8-percent occupancy decrease to 76.6 percent. Mexico City, Mexico, reported the largest occupancy decrease, dropping 23.2 percent in occupancy to 49.9 percent. Santiago, Chile (-21.0 percent to 53.9 percent) and Buenos Aires, Argentina (-20.5 percent to 49.8 percent) also reported occupancy decreases of more than 20 percent.

Washington, D.C., reported the smallest ADR decrease, down 4.2 percent to US$148.42. Five markets experienced ADR decreases of more than 20 percent: New York, New York (-30.4 percent to US$199.08); Montreal, Canada (-28.8 percent to US$115.58); Toronto, Canada (-24.8 percent to US$115.94); San Francisco, California (-22.3 percent to US$126.87); and Vancouver, Canada (-20.6 percent to US$128.87).

Rio de Janeiro was virtually flat in RevPAR for the month, down 0.5 percent to US$86.24. Washington, D.C., was the only other market to experience a single-digit RevPAR decrease, falling 5.0 percent to US$113.65. Seven key markets reported RevPAR decreases of more than 30 percent: Mexico City (-38.2 percent to US$53.04); Montreal (-37.6 percent to US$72.55); New York (-34.9 percent to US$163.11); Toronto (-34.2 percent to US$78.31); Vancouver (-32.9 percent to US$90.17); Alberta, Canada (-32.5 percent to US$77.06); and Buenos Aires (-31.8 percent to US$62.56).

Performances of key countries in June (all monetary units in local currency):

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Asia / Pacific Regions

(LONDON) -- Hotels in the Asia/Pacific region experienced double-digit decreases when reported in U.S. dollars for all three key performance metrics for June 2009, according to data compiled by STR Global.

In year-over-year measurements, the Asia/Pacific region's occupancy dropped 10.8 percent to 56.2 percent; average daily rate declined 16.3 percent to US$111.85; and revenue per available room fell 25.3 percent to US$62.88.

"The recent tragic events in Jakarta unfortunately will impact hotel performance in Indonesia, which year-to-June was one of only two countries we track on the Asia Pacific Hotel Review to report positive RevPAR results (+8.1 percent) when reported in local currency", said James Chappell, managing director of STR Global. "Bali and Jakarta were the only two markets to report RevPAR increases in the month of June and for the year-to-date in local currency".

Among the key markets, Melbourne, Australia, ended the month virtually flat in occupancy with a 0.7-percent decrease to 70.5 percent. Sydney, Australia (-1.3 percent to 70.3 percent) and Brisbane, Australia (-1.0 percent to 78.2) also experienced minimal occupancy decreases. Four markets reported occupancy decreases of more than 20 percent: Bangkok, Thailand (-31.6 percent to 46.3 percent); Hong Kong, China (-24.8 percent to 59.7 percent); Phuket, Thailand (-24.8 percent to 36.4 percent); and Osaka, Japan (-21.5 percent to 58.5 percent).

Tokyo, Japan, experienced the largest ADR increase, jumping 7.4 percent to US$210.75. Bali, Indonesia (+5.9 percent to US$119.34) and Osaka (+1.1 percent to US$106.40) were the only other markets to report ADR increases. Two markets experienced ADR decreases of more than 30 percent: Mumbai, India (-33.8 percent to US$173.57) and New Delhi, India (-31.9 percent to US$155.16).

Tokyo posted the smallest RevPAR decrease for the month, down 3.1 percent to US$137.33. Jakarta (-9.4 percent to US$46.99) and Bali (-6.4 percent to US$83.10) also reported single-digit RevPAR decreases. Four markets experienced RevPAR decreases of more than 35 percent: New Delhi (-41.5 percent to US$80.31); Bangkok (-41.3 percent to US$41.64); Mumbai (-39.3 percent to US$95.12); and Hong Kong (-36.2 percent to US$88.91).

Performances of key countries in June (all monetary units in local currency):

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European Region
   
(LONDON) -- The European hotel industry posted mixed year-over-year results when reported in U.S. dollars, euros and British pounds for June 2009, according to data compiled by STR Global.

Figures for occupancy, average daily rate and revenue per available room ranged from double-digit losses to single-digit gains, depending on the market and the currency used for comparison.

"The markets in Austria and Switzerland reported expected declines for June, following the EURO Football championship last year", said James Chappell, managing director of STR Global. "Vienna and Zurich reported RevPAR declines of more than 40 percent for the month. Prague, which hosted the EU Presidency in the first half of this year and received a global marketing boost from the visit from President Obama in April, reported RevPAR declines of 25 percent year-to-June in local currency. Let's hope Stockholm, which reported a 11-percent decrease in RevPAR year-to-June, benefits from its hosting of the EU Presidency in the second half of 2009".

Year-over-year June 2009 figures for Europe (U.S. dollars, euros and British pounds):



Highlights from key market performers for June include (year-over-year results, all currency figures are in euros):

• Four markets experienced occupancy increases: Birmingham, England (+2.1 percent to 66.6 percent); Stockholm, Sweden (+1.3 percent to 75.1 percent ); Gothenburg, Sweden (+1.1 percent to 72.2 percent); and London, England (+0.9 percent to 84.6 percent).

• Among the key markets, Cologne, Germany (-23.5 percent to 52.9 percent) and Düsseldorf, Germany (-21.1 percent to 53.3 percent) reported the largest occupancy declines for the month.

• Tel Aviv, Israel, posted the largest ADR increase, jumping 9.6 percent to EUR156.52. Venice, Italy, followed, coming in virtually flat for the month with a 0.1-percent increase to EUR345.44.

• Four markets reported ADR decreases of more than 40 percent: Düsseldorf (-52.1 percent to EUR80.26); Salzburg, Austria (-43.2 percent to EUR78.16); Vienna, Austria (-41.0 percent to EUR98.83); and Moscow, Russia (-40.8 percent to EUR163.82).

• Tel Aviv reported the largest RevPAR increase, up 1.4 percent to EUR114.73. Venice followed with a 0.6-percent increase in RevPAR to EUR218.80.

• Six markets reported RevPAR decreases of more than 40 percent: Düsseldorf (-62.2 percent to EUR42.80); Salzburg (-51.0 percent to EUR46.55); Cologne (-48.9 percent to EUR39.79); Vienna (-45.2 percent to EUR68.19); and Zurich, Switzerland (-40.7 percent to EUR103.49).

Performances of key countries in June (all monetary units in local currency):

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Middle East/Africa Regions

(LONDON) -- The Middle East/Africa region suffered declines in all three key measurements in year-over-year results when reported in U.S. dollars for June 2009, according to data compiled by STR Global.

The region's occupancy dropped 11.7 percent to 59.6 percent; average daily rate decreased 2.8 percent to US$138.23; and revenue per available room decreased 14.2 percent to US$82.38.

"The Middle East/Africa region experienced a 14.2-percent RevPAR drop in June, the lowest decrease of all regions, followed by the Americas, Asia/Pacific and then Europe", said James Chappell, managing director of STR Global. "Different pictures emerge when looking at the individual markets. Amman, Beirut and Cape Town reported double-digit RevPAR increases for June in local currency, which were mainly driven by rate increases. South Africa has started to benefit from the Confederation Cup and the build up for the FIFA World Cup next year".

Highlights from key markets in the Middle East/Africa region (percentages are June 2009 vs. June 2008):

• Cape Town, South Africa, reported the largest occupancy increase, up 3.3 percent to 51.1 percent, followed by Beirut, Lebanon, with a 2.0-percent increase to 55.7 percent.

• Muscat, Oman, dropped 31.3 percent in occupancy to 40.4 percent, posting the largest decrease in that metric. Riyadh, Saudi Arabia, also reported a decrease of more than 20 percent, falling 20.3 percent to 63.5 percent.

• Four markets experienced double-digit ADR increases: Beirut (+28.3 percent to US$210.24); Johannesburg/Pretoria, South Africa (+18.0 percent to US$120.57); Amman, Jordan (+17.6 percent to US$149.72); and Cape Town (+10.6 percent to US$111.61).

• Istanbul, Turkey, reported the largest ADR decrease, down 24.3 percent to US$211.30, followed by Dubai, United Arab Emirates, with a 22.4-percent decrease to US$166.13.

• Beirut posted the largest RevPAR increase, jumping 30.9 percent to US$117.20. Amman (+15.6 percent to US$96.96) and Cape Town (+14.2 percent to US$57.08) also reported double-digit RevPAR increases.

• Three markets experienced RevPAR declines of more than 25 percent: Dubai (-33.9 percent to US$107.24); Istanbul (-33.1 percent to US$145.83); and Muscat (-26.4 percent to US$77.36).

Performances of key countries in June (all monetary units in local currency):

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