Hotels in Asia Pacific are seeing rate increases, with Osaka leading the way.

Hotels in the Asia Pacific region, according to STR Global, had mostly positive results in July when reported in US dollars.
The region’s occupancy increased by 0.3 percent to 70.0 percent in July 2014; its average daily rate increased by 0.2 percent to US$112.44; and revenue per available room increased by 0.5 percent to US$78.73. lease to own qatar

“On a 12-month moving average basis, supply has increased by 3.7 percent while demand has increased by 4.8 percent in Asia Pacific,” said Elizabeth Winkle, managing director of STR Global. “As a result of demand outpacing supply, we are seeing positive occupancy growth (+1.1%) in the area, with a 68.6 percent occupancy rate.” Osaka has seen a solid rise in rate year to date (+16.6%) and one of the fastest RevPAR growths for the month (+18.9%) in local currency. Due to the depreciation of the yen and general economic growth, the city and Japan as a whole are improving,” Winkle said. “Year-to-date RevPAR growth was also high in Bali (+17.3 percent) and Tokyo (+10.8 percent).”
Main market performers’ highlights in local currency for July 2014 (year-over-year comparisons):
Mumbai, India, saw the only double-digit rise in occupancy, increasing 10.7% to 64.2 percent.
The most significant declines in occupancy were in Jakarta, Indonesia (-22.0 percent to 49.8%), and Bangkok, Thailand (-21.1 percent to 56.4 percent).
The ADR in Osaka, Japan, increased by 16.8 percent to JPY12,880.81, the highest rise in that metric. Bali, Indonesia, was next, with a rise of 11.2% to IDR1,745,651.85.
The ADR in Sydney, Australia, dropped 5.1 percent to AUD179.49, the biggest drop in that metric.
Osaka (+19.6% to JPY11,244.05), Bali (+18.4% to IDR1,310,345.40), Taipei, Taiwan (+15.4 percent to TWD3,979.56), and Mumbai (+10.3 percent to INR4,362.32) all saw double-digit RevPAR increases.
The highest RevPAR decreases in July were in Bangkok (-20.7 percent to THB1,663.09) and Kuala Lumpur, Malaysia (-20.0 percent to MYR206.20).

Highlights from main market performers in US dollars for July 2014 (year-over-year comparisons): Seoul, South Korea (+12.5% to US$193.39) and Osaka, Japan (+11.9% to US$125.81) posted the highest ADR increases in July.
The ADR in Delhi-NCR, India, dropped 4.6 percent to US$91.70, the largest drop in that metric.
Taipei (+15.2 percent to US$132.53), Osaka (+14.6 percent to US$109.82), Auckland, New Zealand (+14.0 percent to US$83.66), and Mumbai (+10.6 percent to US$72.46) all saw double-digit RevPAR increases.
The most significant declines in RevPAR were seen in Jakarta (-23.7 percent to US$47.43) and Bangkok (-22.3 percent to US$52.05).