Mixed results for the Asian hotels in the six months to June 30, says STR Global.
“The region’s occupancy rose 0.9% to 66.9%, average daily rate fell 3.1% to USD118.03, and revenue per available room decreased 2.3% USD$78.92,” the research company said.
“The only region to report declines in occupancy year to date is Southeastern Asia (-4.7%), primarily driven by Thailand.
“Asia Pacific is such a diverse region that there is a lot occurring from a political and/or economic perspective.
“While growth is muted, the region is still reporting increases in the three key performance industry metrics for the first six months of the year, when measured in U.S. dollars in constant currency.
During the month of June, “The region’s occupancy during June fell 1.4% to 66.4%; ADR ended the month up 0.5% to USD112.44; and RevPAR fell 0.9% to USD74.61.”
All constant currency ADR and RevPAR figures have been converted with the exchange rate as of 31 January 2014.