Europe is the region with the most negative outlook for the second half of 2009, which not surprisingly has also seen the largest decline in RevPAR performance of 31.3 percent based on year-to-date June data from STR Global.
The sentiment score index for Europe has declined from negative 36 recorded in the January survey to negative 55 in the mid year survey. In Europe, 60 percent or more of respondents felt that each of the performance indicators measured would be worse or much worse than that achieved in the second half of 2008.
The other region to have seen a significant change in its sentiment score was Australia/Pacific, decreasing from negative 34 in February to negative 48 in the mid-year survey.
Performance data published by STR Global indicates a 29 percent decrease in RevPAR for the first half of the year, although this is no worse than other areas of Asia, yet the sentiment score for Asia remained unchanged. Hoteliers in this region expect to see larger declines in ADR than in occupancy, which is also in line with actual performance levels in the first half. In the mid-year survey, 26 percent of hoteliers in Australia expect to see ADR declines of more than 10 percent compared to only 12 percent of respondents in the January survey.
South America, Africa & Asia
South America and Africa have seen marginal changes to their sentiment score, albeit to the negative, while Asia has retained the same sentiment score. Asia has seen Indonesia and the Philippines move into positive sentiment territory, with an improvement in sentiment recorded by Japan (albeit still very negative), China has remained relatively stable, while Singapore, Thailand and Malaysia have all recorded a more negative sentiment score.