Asia Pacific Hotel Market “Star Performer” in 2010

Hotels in Asia Pacific (AP) performed better than any other region during 2010. “Asia Pacific was the star performer during 2010,” said Elizabeth Randall, managing director of STR Global. “Absolute RevPAR now lags 2008 peaks by only US$1.60.”

Performances of key countries in December 2010 v/s December 2009:

Country

Occupancy

% change

ADR

% change

RevPAR

% change

Australia

71.2%

+3.1%

AUD185.42

+8.4%

AUD132.08

+11.8%

China

56.9%

+2.7%

CNY790.83

+9.8%

CNY449.71

+12.8%

India

64.1%

+3.4%

INR7331.47

+1.9%

INR4699.64

+5.3%

Japan

72.2%

+1.9%

JPY13352.61

-0.7%

JPY9636.80

+1.2%

Singapore

81.0%

+5.6%

SGD275.00

+21.4%

SGD222.61

+28.3%

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