Asia Pacific Leading Global Hotel Recovery Says STR Global

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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