STR Global: Asia/Pacific results for November
Hotels in the Asia/Pacific region reported mixed results in the three key performance metrics for November 2012, according to data compiled by STR Global.
Hotels in the Asia/Pacific region reported mixed results in the three key performance metrics for November 2012 when reported in US dollars, according to data compiled by STR Global.
In year-over-year measurements, the Asia/Pacific region’s occupancy ended the month down with a 1.1-percent decrease to 72.1 percent, its average daily rate rose 2.5 percent to US$132.25 and its revenue per available room was up 1.4 percent to US$95.34.
“For the eleven months this year (YTD), the region achieved an almost flat occupancy growth of 0.6 percent to 68.4 percent”, said Elizabeth Winkle Randall, managing director of STR Global. “Average daily rates (ADR) performed very similarly, with a 0.9-percent growth to US$129.25. The number of available rooms in the region increased only 2.9 percent YTD, the lowest increase in supply over the past six years. Demand for hotel accommodation across the region continued to rise, growing 3.5 percent YTD to more than 699 million rooms occupied YTD.
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