LONDON—Hotels in the Asia/Pacific region experienced mostly positive results in the three key performance metrics during March 2011 when reported in U.S. dollars, according to data compiled by STR Global.
In year-over-year measurements, the Asia/Pacific region’s occupancy fell 3.5 percent to 66.5 percent, average daily rate increased 13.8 percent to US$144.04, and revenue per available room jumped 9.9 percent to US$95.77.
In the first quarter of 2011, the Asia/Pacific region was virtually flat in occupancy, reporting a 0.2-percent decrease to 64.0 percent. ADR was up 13.1 percent to US$143.81, and RevPAR increased 12.8 percent to US$92.03.
Read the full story at: http://www.hotelnewsnow.com/articles.aspx/5402/STR-Global-Asia-Pac-March-results
