Mixed Positive September 2014 Performance for Hotel Industry in Asia Pacific Region
Hotels in the Asia Pacific region experienced mixed results during September 2014 when reported in U.S. dollars, according to data compiled by STR Global.
In September 2014, the region’s occupancy rose 0.9 percent to 69.2 percent; its average daily rate fell 2.2 percent to US$112.31; and its revenue per available room was down 1.3 percent to US$77.67.
“Southeastern Asia was the only sub-region to see occupancy losses (-3.9 percent) in September, driven by declines in Thailand, Vietnam and Indonesia”, said Elizabeth Winkle, managing director of STR Global. “On the other hand, Central and South Asia reported occupancy growth this month, primarily driven by India. Confidence in the newly elected government and an upgraded economic outlook have been reasons cited for performance increases”.
(Read more at Htrends.com)