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May 29, 2009 | 8:44 am

#9

Kalboz

Join Date: Sep 2007

Location: SNA/LAX

Programs: Hertz PC, Hilton DMD, IHG Spire Amb, Bonvoy Titanium Elite & WoH Globalist

Posts: 8,129

Quote:

Originally Posted by CanuckinKL

Keep us posted on the Bali deals (if any). Bali seems to be insulated from the rest of the world in terms of the travel downturn. Hotel rates very high comparatively speaking and are at pre-attack rates.

You are right on!

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

“The Asia Pacific region, along with the Middle East, has come into a similar cyclical movement as Europe and North America - but there are a few highlights still,” said James Chappell, managing director of STR Global. “Bali, Indonesia, increased 21.5% in RevPAR (in local currency), and Seoul, South Korea, reported a 16.3% increase (in local currency) in the measure.”

...

Bali was the only key market [in Asia] to report a RevPAR increase (+5.0% to US$78.83). New Delhi reported the largest decrease in RevPAR, which dropped 52.7% to US$101.33. Three other key markets that reported large RevPAR decreases include: Mumbai (-51.4% to US$95.56); Beijing (-51.2% to US$50.46); and Bangkok (-47% to US$39.74).

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