STR Global: Asia/Pac Result for May 2015
Hotels in the Asia Pacific region experienced mixed year-over-year results in the three key performance metrics during May 2015 when reported in U.S. dollars, according to data compiled by STR Global.
The region's occupancy for May increased 1.4 percent to 68.1 percent. However, average daily rate in the Asia Pacific region dropped 6.9 percent to US$105.54, and its revenue per available room decreased 5.7 percent to US$71.84.
(Read more at: HotelNewsNow.com)