STR Global is forecasting positive revenue per available room (RevPAR) growth across four key Asian markets in 2012.
Supply is expected to grow between 1.1% and 2.5% across Beijing, Hong Kong, Singapore and Sydney, with demand predicted to increase between 1.7% and 3.8%. Following strong demand growth during 2010 of 22.8% and 2011 of 6.2%, Singapore is expected to see the metric increase at a rate less than supply during 2012. The imbalance is forecasted to lead to an occupancy decrease of 0.6% for the year.
In Beijing, occupancy growth and ADR growth of 4.5% to CNY 677.76 (US$107.31) will support RevPAR growth between 5.0% and 7.0% in 2012.
Hong Kong is predicted to see the largest supply increase, 2.5%, of the four cities, which is expected to be offset by a 3% demand increase that will drive growth in occupancy, ADR and RevPAR.
Sydney is forecasted to see the smallest supply increase, resulting in a moderate occupancy gain of 1.2% and ADR up 2.6%.
article by Hotelsmag.com's Nathan Greenhalgh