LONDON—Hotels in the Asia/Pacific region experienced mostly positive results in the three key performance metrics during May 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 ended the month virtually flat with a 0.2-percent decrease to 64.0 percent, average daily rate increased 13.5 percent to US$138.54, and revenue per available room jumped 13.3 percent to US$88.72.
“Supply increases outpaced demand for the first five months of this year growing 2.6 percent and 2 percent, respectively”, said Elizabeth Randall, managing director of STR Global. “Therefore the occupancy levels across the region are down slightly by 0.6 percent, year to date. Occupancy continued to improve across Central & South Asia, Southeastern Asia and Oceania.
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