STR Global: Asia/Pacific results for February
LONDON—Hotels in the Asia/Pacific region experienced mixed results in the three key performance metrics in February 2013 when reported in U.S. dollars, according to data compiled by STR Global.
In February, the Asia/Pacific region’s occupancy ended the month with an 8.1-percent decrease to 62.5 percent, its average daily rate increased 3.5 percent to US$135.50 and its revenue per available room was down 4.8 percent to US$84.76.
Highlights from key market performers for February in local currency (year-over-year comparisons):
• Bangkok, Thailand, rose 10.7 percent to 83.5 percent, reporting the largest occupancy increase.