LONDON—Hotels in the Asia/Pacific region experienced mostly positive results in the three key performance metrics during June 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 0.6-percent increase to 65.2 percent, average daily rate increased 13.3 percent to US$133.79, and revenue per available room jumped 13.9 percent to US$87.22.
“Asia/Pacific will be an interesting region to watch during the coming months”, said Elizabeth Randall, managing director of STR Global. “Only two out of the six months so far this year reported occupancy increases against the corresponding month in 2010. Whilst the demand across the region continued to grow (2 percent for the first half of the year), the new supply entering the region (3 percent for the same timeframe) kept the occupancy levels under pressure. Added to that is the reduced demand due to the earthquake and tsunami in Japan and key events like the World Expo in Shanghai last year”.
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