STR Global: Asia/Pacific results for November
The region’s occupancy ended the month with a 1.1% increase to 72.4%; its ADR dropped 4.9% to $123.13; and its RevPAR was down 3.8% to $89.12.
LONDON—Hotels in the Asia Pacific region experienced mixed results in the three key performance metrics during November 2013 when reported in U.S. dollars, according to data compiled by STR Global.
The region’s occupancy ended the month with a 1.1-percent increase to 72.4 percent; its average daily rate dropped 4.9 percent to US$123.13; and its revenue per available room was down 3.8 percent to US$89.12.
“Asia Pacific’s RevPAR decline has been driven by rate. However, it should be noted that the RevPAR decline began in 2012 as demand started to flatten”, said Elizabeth Winkle, STR Global’s managing director.