In year-over-year measurements, the Asia/Pacific regions occupancy ended the month virtually flat with a 0.1-percent decrease to 68.1 percent, its average daily rate rose 0.7-percent to US$139.49 and its revenue per available room was up 0.7 percent to US$95.01.
Hotels in the Asia/Pacific region experienced mixed results in the three key performance metrics for August 2012 when reported in U.S. dollars, according to data compiled by STR Global.
In year-over-year measurements, the Asia/Pacific region’s occupancy ended the month virtually flat with a 0.1-percent decrease to 68.1 percent, its average daily rate rose 0.7-percent to US$139.49 and its revenue per available room was up 0.7 percent to US$95.01.
“Average room rate growth across the Asia/Pacific region slowed down in recent months with a 2-percent increase for the first eight months this year (YTD) after stronger growth performances last year”, said Elizabeth Randall Winkle, managing director at STR Global. “Average rates for YTD are within US$ 4 just below their YTD 2008 performance, reflecting the strong market conditions across most of Asia/Pacific”.
Highlights from key market performers in August 2012 in local currency (year-over-year comparisons):
Highlights from key market performers for August 2012 in U.S. dollars (year-over-year comparisons):
About STR Global:
STR Global provides clients-including hotel operators, developers, financiers, analysts and suppliers to the hotel industry-access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia/Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, segmentation data, forecasts, annual profitability, pipeline and census information. Hotel operators can join the surveys on a complimentary basis and benefit from free industry data. STR Global is part of the STR family of companies and is proudly associated with STR, RRC Associates, STR Analytics and HotelNewsNow.com. For more information, please visit www.strglobal.com.
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