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STR Global
Client Breakfast Briefing
Grand Connaught Rooms
29th October 2013
STR Global Client Event @2013 STR Global
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Our participants
As of September 2013
+30,000 hotels
+3.9 m rooms
+800 hotels
+160,000 rooms
+600 hotels
+100,000 rooms
+47,000 hotels
+6.4m rooms
+8,000 hotels
+1,1 m rooms
+5,000 hotels
+1 m rooms
+400 hotels
+120,000 rooms
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Global performance
RevPAR YTD September 2013 (USD)
- 4.1%
+ 5.4%
+5.1%
+ 0.6%€
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Europe +4.4%
+0.6% YTD 13
YE 12
RevPAR % Chg €
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Europe Room Supply and Demand %Chg
-8%
-6%
-4%
-2%
0%
2%
4%
6%
8%
2005 2006 2007 2008 2009 2010 2011 2012
Supply % Chg Demand % Chg
12 months moving average YE 2005 to September 2013
Nov ‘10
6.8%
Jul ‘09
-7.3%
Sep‘13
2.8%
Jun’12
2.1%
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Europe Occ and ADR %Chg
-14%
-12%
-10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
8%
2005 2006 2007 2008 2009 2010 2011 2012
Occ % Chg ADR % Chg
12 month moving average YE 2005 to September 2013
Sep ‘13
1.8%
May ‘11
5.7% Jan ‘11
5.4%
Jul ‘09
-8.4% Nov ‘09
-11.5%
Sep ‘13
-0.4%
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Europe actual performance
0 €
20 €
40 €
60 €
80 €
100 €
120 €
0
200,000,000
400,000,000
600,000,000
800,000,000
1,000,000,000
1,200,000,000
1,400,000,000
1,600,000,000
1,800,000,000
2005 2006 2007 2008 2009 2010 2011 2012
Supply Demand RevPAR
12 month moving average YE 2005 to September 2013
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Europe Classes Occ and ADR
0 €
50 €
100 €
150 €
200 €
250 €
300 €
60%
65%
70%
75%
80%
85%
Luxury Upper Upscale Upscale Upper Midscale Midscale/Economy
Occ 12 Occ 13 ADR 12 ADR 13
+1.8 +2.3 +1.8 +1.1 +3.9
-2.7 -2.0 -0.7
-1.9
-0.3
YTD September 2012 & 2013
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European Countries RevPAR % Chg
YTD September 2013 (local currency)
-30.0
-20.0
-10.0
0.0
10.0
20.0
30.0
East North South West
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• -18.0 % Warsaw
• - 6.8% Madrid
• - 6.6% Tel Aviv
• - 6.2% Vienna
• - 5.7% Helsinki
Top and Bottom 5 Markets, YTD September 2013 (local currency)
Europe Markets RevPAR % Chg
• + 7.7 % Edinburgh
• + 9.7% Budapest
• + 10.3% Dublin
• + 11.7% Copenhagen
• + 16.6% Vilnius
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P&L 2012 GOPPAR % Chg
15.8
18.6
23.6
26.3
26.8
23.8
22.3
17.2
16.1
13.8
0 5 10 15 20 25 30
POLAND
CZECH REPUBLIC
RUSSIA
HUNGARY
IRELAND
MOSCOW
SAINT PETERSBURG
PRAGUE
AMSTERDAM
LONDON
EUR
CZK
RUB
RUB
EUR
HUF
RUB
CZK
PLN
Top 5 Countries and Markets in Europe (Local Currency)
GBP
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Eurozone Demand & GDP
Quarterly 2004 – 2015F (GDP Source: Oxford Economics)
-15.0
-10.0
-5.0
0.0
5.0
10.0
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014f 2015f
Demand GDP
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Europe Pipeline Top 5 Countries
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Georgia
Tajikistan
Belarus
Kazakhstan
Azerbaijan
Pipeline as a % of existing supply
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United Kingdom +1.5%
+2.5% YTD 13
YE 12
RevPAR % Chg £
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RevPAR % Chg
Sept YTD GBP
1.4
%
SEEngland
9.6
%
Scotland
5.4
%
NWEngland
5.6
%
NIreland
0.9
%
NEEngland
-1.7
%
London6
.6%
E Midlands
6.8
%
Yorkshire
5.0
%
WMidlands
4.4
%
Wales
5.4
%
SWEngland
-1.3
%
EEngland
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-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
Occ ADR
Key Cities – UK Occ and ADR % Chg
YTD September 2013 GBP
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Regional UK -0.6%
+4.4% YTD 13
YE 12
RevPAR % Chg £
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Regional UK Classes Supply and Demand % Chg
0%
2%
4%
6%
8%
10%
12%
Luxury Upper Upscale Upscale Upper Midscale Midscale/Economy
Supply Demand
YTD September 2013
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Regional UK Classes
£0.0
£50.0
£100.0
£150.0
£200.0
£250.0
£300.0
60%
65%
70%
75%
80%
85%
Luxury Upper Upscale Upscale Upper Midscale Midscale/Economy
Occ 12 Occ 13 ADR 12 ADR 13
YTD September 2012 & 2013 Occ and ADR in GBP
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London +2.2%
-1.7% YTD 13
YE 12
RevPAR % Chg £
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£133
£110
82.3%
0
10
20
30
40
50
60
70
80
90
100
£0
£20
£40
£60
£80
£100
£120
£140
£160
2011
ADR RevPAR Occ
YTD September 2011 vs YTD September 2013
London Occupancy, ADR and RevPAR
£136
£112
82.3%
0
10
20
30
40
50
60
70
80
90
100
£0
£20
£40
£60
£80
£100
£120
£140
£160
2013
ADR RevPAR Occ
‘13YTD
Supply
growth
4%
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London Classes Supply and Demand % Chg
0%
2%
4%
6%
8%
10%
12%
Luxury Upper Upscale Upscale Upper Midscale Midscale/Economy
Supply Demand
YTD September 2013
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London Classes Occ and ADR
£0
£50
£100
£150
£200
£250
£300
60%
65%
70%
75%
80%
85%
Luxury Upper Upscale Upscale Upper Midscale Midscale/Economy
Occ 12 Occ 13 ADR 12 ADR 13
YTD Sep 2012 & 2013 GBP
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MEA +5.3%
+5.1% YTD 13
YE 12
RevPAR % Chg $
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MEA Countries REvPAR % Chg
YTD September 2013 (local currency)
-30.0
-20.0
-10.0
0.0
10.0
20.0
30.0
Kenya Egypt Mauritius SouthAfrica
Lebanon Jordan SaudiArabia
Qatar UnitedArab
Emirates
Kuwait Bahrain Oman
Africa Middle East
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MEA Overview RevPAR % Chg
YTD September 2013 (local currency)
Beirut -26.9%
Makkah -0.6%
Medina -0.3%
Riyadh 0.4%
Jeddah 9.0%
Dubai +11.0%
Cape Town +16.7%
Cairo -6.3%
Nairobi -4.9%
Doha +9.1%
Sandton & Sur. +10.4%
Manama +10.5%
Abu Dhabi 11.0%
Muscat +15.9%
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UAE +4.1%
+10.5%
RevPAR % Chg AED
YE 12
YTD 13
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Abu Dhabi vs Dubai Occ and ADR % chg
YTD 19th October 2013 (daily data) AED
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
35%
AbuDhabi
Luxury UpperUpscale
Upscale UpperMidscale
Mid &Eco
Dubai Luxury UpperUpscale
Upscale UpperMidscale
Mid &Eco
Occ ADR
Dubai Abu Dhabi
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-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
35%
Occupancy ADR
Dubai Selected Submarkets Occ and ADR % Chg
YTD 19th October 2013 (daily data) AED
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Dubai Selected Submarkets Occ and ADR
AED 50
AED 250
AED 450
AED 650
AED 850
AED 1,050
AED 1,250
AED 1,450
AED 1,650
AED 1,850
AED 2,050
30%
40%
50%
60%
70%
80%
90%
100%
Occupancy ADR $
YTD 19th October 2013 (daily data) AED
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0% 20% 40% 60% 80% 100% 120% 140%
Riyadh
Jeddah
Lagos
Makkah
Al Khobar
Doha
Muscat
Manama
Nigeria
Abu Dhabi
Selected Cities Pipeline MEA
Supply Increase % of existing September 2013
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MEA Pipeline Top 5 Countries
0% 100% 200% 300% 400% 500% 600%
Iraq
Mauritania
Libya
Angola
Rwanda
Pipeline as a % of existing supply
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APAC -0.4%
-4.1% YTD 13
YE 12
RevPAR % Chg $
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Asia Pacific RevPAR growth
YTD September 2013 (local currency)
India -3.1
Singapore -1.3
Malaysia +6.2
Indonesia +7.6
Vietnam +8.7
Thailand +15.9
Maldives +20.0
South Korea -8.1
China -5.7
Hong Kong -2.1
Philippines +0.0
Australia +2.1
Taiwan +6.9
Japan +11.5
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APAC Markets RevPAR growth
YTD September 2013 (local currency)
Seoul -13.2%
Delhi-NCR -11.1%
Bali +0.6%
Kuala Lumpur 1.0%
Ho Chi Minh City +1.4%
Osaka +11.2%
Jakarta +11.4%
Beijing -7.4%
Manila -3.1%
Taipei + 4.3%
Sydney + 4.8%
Phuket + 5.4%
Tokyo +12.3%
Bangkok +15.6%
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58%
16%
8%
Malaysia 4%
Thailand 3%
Philippines 3%
Vietnam 2%
Australia 2%
Japan 2%
Singapore 1%
South Korea 1%
18%
Pipeline | Asia Pacific
By country – Q3 2013
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Pipeline | Asia Pacific – Size of properties
By country – Q3 2013
100
150
200
250
300
350
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APAC Pipeline Top 5 Countries
0% 20% 40% 60% 80% 100% 120% 140% 160%
Bangladesh
Mongolia
Myanmar
Sri Lanka
Philippines
Pipeline as a % of existing supply
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Forecast
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Forecast 2014
Occupancy and ADR % Chg (local currency)
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Forecast : 3 key Markets RevPAR % Chg
+3.4% +5.6% +4.4%
2014 Year-end as of Aug 2013 edition (local currency)
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Thank you
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