Asia Pacific hotels perform well

According to recent data released by STR Global, hotels in the Asia Pacific region experienced positive results during March 2011 in three key performance metrics.

Although occupancy fell 3.5% to 66.5%, average daily rate (ADR) increased 13.8% to US$144.04, while the revenue per available room (RevPAR) jumped 9.9% to US$95.77. In year-on-year comparisons, Bangkok, Thailand, increased 10% in occupancy to 67.8%, reporting the largest increase in that metric, followed by Jakarta, Indonesia, with a six per cent increase to 71.9%.

Five markets experienced double-digit ADR increases, namely, Hong Kong, (+28.2%); Jakarta (+14.5%); Bali (+12.8%); Beijing, China (+10.3 %); and Seoul, South Korea (+10%). Hong Kong jumped 33.2% in RevPAR, followed by Jakarta with a 21.4% increase.


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