Recovery Now! ANZPHIC 2010 Sydney - July 8, Hotel Performance Back On Track

Transcription

1 Recovery Now! Hotel Performance Back On Track ANZPHIC 2010 Sydney - July 8, STR Global Ltd is the exclusive owner of all rights in this presentation and its content. Reproduction of all or a portion of this presentation for any purpose without prior approval of STR Global is strictly prohibited.

2 This time last year... RevPar % change North America -19.2% Europe -20.8% Middle East/Africa -14.9% Asia Pac -30.3%

3 Global View Year End 2009 RevPar % change North America $ % % % Europe % % % Asia Pacific $ % % % ME & A $ % % %

4 Demand picking up... Rolling-12 month demand (rooms sold) % change Jan-07 Mar-07 May-07 Jul-07 Sep-07 Nov-07 Jan-08 Mar-08 May-08 Jul-08 Sep-08 Nov-08 Jan-09 Mar-09 May-09 Jul-09 Sep-09 Nov-09 Jan-10 Mar-10 May-10 Asia Pacific Europe North America Middle East Africa

5 Supply slowing down Rolling-12 supply (rooms available) % change 6 5 Peak 3.0 % July % 1 0 Asia Pacific Europe North America Middle East Africa

6 RevPAR Recovery Asia Stabilizing RevPAR % change Jan-07 Mar-07 May-07 Jul-07 Sep-07 Nov-07 Jan-08 Mar-08 May-08 Jul-08 Sep-08 Nov-08 Jan-09 Mar-09 May-09 Jul-09 Sep-09 Nov-09 Jan-10 Mar-10 May-10 Asia Pacific Europe Middle East Africa North America

7 Asia Pacific Rolling-12 RevPAR and Occ, ADR % change YTD May 2010 $100 $90 $80 $70 $60 $50 $40 $30 $20 $10 $0 Nov 06 $ % -25% $ Jan-01 Jun-01 Nov-01 Apr-02 Sep-02 Feb-03 Jul-03 Dec-03 May-04 Oct-04 Mar-05 Aug-05 Jan-06 Jun-06 Nov-06 Apr-07 Sep-07 Feb-08 Jul-08 Dec-08 May-09 Oct-09 Mar-10 Occ % ADR % RevPAR

8 Global View Year to Date RevPar % change North America $ % % % YTD May % Europe % % % YTD May % Asia Pacific $ % % % YTD May % ME & A $ % % % YTD May %

9 Closer look at Asia Pacific 2009 RevPAR % change Based on Local Currency Year End 2009 Seoul 8.7% Bali 3.0% Tokyo -6.0% Sydney -8.1% Melbourne -8.4% Hong Kong -20.1% Singapore -25.2% Phuket -24.1% Bangkok -25.2% Shanghai -29.4% New Delhi -34.0% Asia Pacific $ % % %

10 Asia YTD May YTD May RevPAR % change Based on Local Currency Year End 2009 YTD May 2010 Seoul 8.7% 1.8% Bali 3.0% -3.2% Tokyo -6.0% 13.5% Sydney -8.1% 13.0% Melbourne -8.4% -0.5% Hong Kong -20.1% 35.3% Singapore -25.2% 28.3% Phuket -24.1% 29.9% Bangkok -25.2% -0.6% Shanghai -29.4% 40.4% New Delhi -34.0% 5.4% Asia Pacific $ % % % YTD May %

11 Occ% or rate? 2009 Year End Year end 2009, % change, Local Currency Seoul Bali Tokyo Sydney Melbourne Hong Kong Phuket Singapore Bangkok Shanghai New Delhi -50% -40% -30% -20% -10% 0% 10% 20% 30% 40% 50% Occupancy Average room rate

12 YTD May 2010 % change, Local Currency Seoul Bali Tokyo Sydney Melbourne Hong Kong Phuket Singapore Bangkok Shanghai New Delhi -50% -40% -30% -20% -10% 0% 10% 20% 30% 40% 50% Occupancy Average room rate

13 Occupancy - Luxury / Upper Upscale YTD May, Sorted by Occupancy 90 $ $ $ $ $ $50 Occupancy Average rate

14 Average Rate - Luxury / Upper Upscale YTD May, Sorted by Rate (USD) 90 $ $ $ $ $ $50 Occupancy Average rate

15 RevPAR - Luxury / Upper Upscale YTD May, RevPAR - USD $ $64 50 RevPAR

16 Australia Rolling-12 RevPAR and Occ, ADR % change YTD May 2010 $ $ $125 $120 $115 $110 $105 Nov $ $ Jan-06 Mar-06 May-06 Jul-06 Sep-06 Nov-06 Jan-07 Mar-07 May-07 Jul-07 Sep-07 Nov-07 Jan-08 Mar-08 May-08 Jul-08 Sep-08 Nov-08 Jan-09 Mar-09 May-09 Jul-09 Sep-09 Nov-09 Jan-10 Mar-10 May-10 Occ % ADR % RevPAR

17 Supply and Pipeline

18 Current Supply 2,212,500 rooms Asia Pacific, as of May ,273 hotels 61% 6% 9% 11% 9% 4% Luxury Upper Upscale Upscale Midscale Economy Unaffiliated * * Not affiliated with a major brand and/or management group.

19 Recently Opened 59,609 rooms Opened within the last 12 months 10% 19% 11% 23% Luxury Upper Upscale Upscale 15% 22% Midscale Economy Unaffiliated

20 Pipeline 253,815 rooms Asia Pacific, as of May Hotels. 4% 11% 18% 24% 18% 25% Luxury Upper Upscale Upscale Midscale Economy Unaffiliated In Construction, Final Planning, and Planning Stages Another 62,500 rooms in pre-planning

21 Pipeline by Stages Asia Pacific, as of May ,330 Rooms 20% 12% 13% 55% In Construction Final Planning Planning Pre-Planning

22 Projected Opening 1004 hotels in the pipeline in pre planning (total of 316,330 rooms) Rooms ,400 86,000 69,250 78, and later Supply Increase of roughly 14.5% in the next 4-5 years

23 In the Pipeline by Country Total of 316,330 rooms in the pipeline 2% 2% 3% 2% 4% 5% 20% 7% Rooms 55% China India Thailand Indonesia Vietnam Philippines Australia Malaysia Others China will see a supply increase of 19.2% over the next 4-5 years. India will add over 62,000 rooms an increase of 51%.

24 Australia / New Zealand As of May Hotels 6,697 rooms. 14% 24% 30% 32% In Construction Final Planning Planning Pre-planning Supply Increase of roughly only 2.5% in the next 4-5 years Roughly 75% of that in Australia and 25% in New Zealand.

25 In closing... o o o o o Demand is back - Asia leading the way. Occupancies are up in most markets Supply growth rates are slowing Rate growth beginning to turn positive. Still at 2006/2007 RevPAR levels year of recovery. Full recovery likely to take a few years. o o Australia faired well during the GFC. With relatively low supply growth and already healthy occupancies (top tier at 77%), rates and overall performance should continue to improve strongly. we are Back on Track!

26 Should you be interested in purchasing the type of hotel performance reporting that was used to make this presentation, please don t Property hesitate of STR to Global contact me at: Jonas Ogren jogren@strglobal.com Ph