STR Global: Asia/Pacific results for August
LONDON—Hotels in the Asia Pacific region experienced mixed results in the three key performance metrics during August 2013 when compared with August 2012 and reported in U.S. dollars, according to data compiled by STR Global.
The region’s occupancy ended the month with a 3.0-percent increase to 71.8 percent, its average daily rate dropped 5.3 percent to US$119.88, and its revenue per available room was down 2.5 percent to US$86.09.
Highlights from key market performers for August 2013 in local currency (year-over-year comparisons):
• Kuala Lumpur, Malaysia, reported the largest occupancy increase, rising 17.1 percent to 78.8 percent. Ho Chi Minh City, Vietnam, followed with a 15.0-percent increase to 64.3 percent.