STR Global: Asia/Pac Result for January 2015
Hotels in the Asia Pacific region experienced mixed results year-over-year in the three key performance metrics during January 2015 when reported in U.S. dollars, according to data compiled by STR Global.
The region’s occupancy for January grew 4.9 percent to 64.7 percent; its average daily rate dropped 7.2 percent to US$111.50; and its revenue per available room decreased 2.7 percent to US$72.18.
“In U.S. dollars, the Asia Pacific region is showing a decline in RevPAR rates. However, the region increased 2.0 percent on a constant-currency basis”, according to Elizabeth Winkle, managing director of STR Global.
(Read more at: HotelNewsNow.com)