Asia Pacific Leading Global Hotel Recovery Says STR Global

26 April, 2010 by Martin Kelly

HOTELS in the Asia-Pacific region lead the way in the global tourism recovery with increases in all three key performance metrics for March 2010 when reported in U.S. dollars, according to data compiled by STR Global. Year on year Asia Pacific region occupancy rose 13.7 percent to 67.6 percent, average daily rate increased 13.5 percent to US$130.56, and revenue per available room jumped 29.0 percent to US$88.22. “The Asia Pacific region is still leading the way in the global recovery”, said Elizabeth Randall, managing director of STR Global. “It has posted five consecutive months of occupancy, ADR and RevPAR increases, fueling a 23-percent RevPAR jump in the first quarter.”

Performances of key countries in March 2010 (all monetary units in local currency):

Country	Occupancy	% change	ADR	% change	RevPAR	% change
Australia	75.9%	+5.4%	AUD169.82	-0.4%	AUD128.90	+5.0%
China	60.8%	+21.1%	CNY760.52	+10.1%	CNY462.54	+33.4%
India	65.1%	+17.5%	INR6951.90	-6.3%	INR4528.23	+10.1%
Japan	75.9%	+6.1%	JPY13228.24	-4.2%	JPY10042.71	+1.6%
Singapore	86.1%	+24.4%	SGD259.95	+3.6%	SGD223.76	+28.9%

*percentages are increases/decreases for March 2010 vs. March 2009

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Returning September 17, 2012

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