December 2003 - Asian hotels report fourth consecutive month of
revPAR growth
Laptop Battery Year-end 2003 results for the Asian hotel industry showed some
signs of recovery following another challenging year of operations,
according to the HotelBenchmark Survey by Deloitte.
After five consecutive quarters of occupancy gains at the expense of rate, average daily rate (ADR) increases will strengthen by the third quarter of 2004, and become the primary contributor to RevPAR advances. Seasonally adjusted ADR will rise by 2.9 percent between the second and the fourth quarter of 2003.
Thinkpad Despite revenue per available room (revPAR) declining by 10.5
percent across Asia in 2003, the region did see revPAR move back
into positive territory during the last four months of the year.
Latest figures for December show revPAR across the region
increasing by 9.5 percent compared to the prior year making this,
with the exception of February, the strongest growth seen in any
month of 2003.
You can obtain the full figures for the December 2003 report by clicking here 5805, or dana.kessler@slackbarshinger.com
Microsoft Despite improved performance during the last quarter of the
year, this was of little consolation to the majority of
markets tracked across Asia,
many of which still finished the year in revPAR decline. Just
under half of the 30 markets tracked, experienced double-digit
revPAR declines during 2003, with Bali, Xian, Beijing and Hong
Kong suffering the greatest losses of 37 percent, 31 percent, 24
percent and 22 percent respectively. Markets fortunate enough to
see some growth were few and far between, with only Surabaya (11
percent), Nanjing (4 percent) and Phuket (1 percent) seeing any
improvement in revPAR compared to 2002.
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Laptop Computers Looking at occupancy performance, a third of all markets tracked
across Asia did see an improvement in occupancy levels during 2003,
compared to 2002. Both Surabaya and Phuket topped the list
reporting occupancy increases of 11 percent and 5 percent
respectively.
Stamps.com Reports First Quarter 66% Year over Year Revenue Growth, and Increased Guidance for 2004 Company Now Anticipates Approximately 55% Fiscal Year 2004 Revenue Growth and Profitability in the Fourth Quarter of 2004 SANTA MONICA, Calif. April 21, Stamps.com™ ( STMP) today announced financial results for the first quarter of 2004. First quarter revenue was an all time quarterly high of $7.6 million, up 66% versus the first quarter of 2003 and up 19% versus the fourth quarter of 2003. In addition, Stamps.com announced that it has adjusted its guidance for fiscal 2004 total revenue to be up approximately 55% versus fiscal year 2003; previously the company guided to an overall increase of 35%. Further, the company now anticipates profitability in the fourth quarter of 2004, a quarter earlier than previously expected.
Laptop Computer When it came to average room rate however, only a handful of
markets managed to report any growth. There was however some good
news for China. Despite the
challenges presented by SARS earlier in the year, all four
markets tracked by the HotelBenchmark Survey managed to increase
their average room rates compared to 2002 levels. Although this
growth was marginal in Xian (1 percent) and Beijing (3 percent),
both Shanghai and Nanjing reported amongst the strongest growth
in average room rate across the region of 7 percent and 12
percent respectively. In the face of tough international trading
conditions, China continues to benefit from increased domestic
tourism, improved tourism infrastructure as well as additional
public holidays introduced in 1999.
or "bird flu", is a contagious disease of animals caused by viruses that normally infect only birds and, less commonly, pigs. While all bird species are thought to be susceptible to infection, domestic poultry flocks are especially vulnerable to infections that can rapidly reach epidemic proportions. December 2003, a growing number of Asian countries have reported outbreaks of highly pathogenic avian influenza in chickens and ducks. Infections in several species of wild birds and in pigs have also been reported.
Desktop Computer So with 2003 at a close, what does 2004 have in store? With
Asian tourism agencies continuing to work on strategies to win back
key inbound markets such as Japan, Europe and the
Americas, this should start to
have an impact on demand for hotel accommodation. However, given
the recent announcements of new cases of SARS in Southern China,
lets hope that the media attention does not put the breaks on
the progress that the region appears to be making.
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