STR Global: Asia/Pac Result for March 2015
Hotels in the Asia Pacific region experienced negative year-over-year results in the three key performance metrics during March 2015 when reported in U.S. dollars, according to data compiled by STR Global.
The region's occupancy for March fell 0.3 percent to 68.7 percent. Affected by the continued devaluation of the Japanese yen, the region's average daily rate dropped 5.9 percent to US$111.16, and its revenue per available room decreased 6.2 percent to US$76.34.
Performance by country varied significantly on a local-currency basis:
Thailand saw the largest increases in both occupancy (+23.4 percent to 77.1 percent) and RevPAR (+23.9 percent to THB2,862.64), while ADR (+0.4 percent to THB3,712.70) remained almost flat. Thailand's performance continues to improve in year-over-year comparisons as the country is further removed from last year's coup d'état.
(Read more at: HotelNewsNow.com)