Hotels in the Asia/Pacific region experienced increases when reported in U.S. dollars for all three key performance metrics for November 2009, according to data compiled by STR Global.
In year-over-year measurements, the Asia/Pacific region's occupancy grew by 2.2 percent to 68.0 percent; average daily rate increased by 1.2 percent to US$129.46; and revenue per available room jumped 3.4 percent to US$88.05.
'November results showed that occupancy growth was back across Asia Pacific. All sub regions reported improvements boosting the region's year-over-year occupancy growth', said Elizabeth Randall, managing director of STR Global. 'Australia and Oceania achieved the highest occupancy of 76.5 percent. Looking at the first eleven months of this year, Australia and Oceania reported the lowest RevPAR declines (-15.2 percent) to US$90.07, which is partly due to exchange-rate fluctuations against the U.S. dollar. Central & South Asia reported the biggest year-to-date RevPAR declines (-36.3 percent) mainly due to India's weakened performance'.
Performances of key countries in November (all monetary units in local currency):
*percentages are increases/decreases for November 2009 vs. November 2008
Global Hotel Review PDF for October 2009.
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