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33. IATA Urges Venezuelan Government to Reform Air Transport Policies
Passenger traffic in Venezuela fell 8.5% in 2014 compared to a year earlier. The decline, in sharp contrast to other key economies in the region which reported growth, outpaced the 3.0% GDP contraction in Venezuela during the same period, reflecting the growing impact of current government policies on airlines, including restrictions on the repatriation of currency.
34. Hotels in Asia Pacific Report May 2020 Decrease in ADR, OR and RevPAR
According to data from STR, the Asia Pacific hotel industry continued to report monthly lows in the three key performance metrics for May 2020. In U.S. dollar constant currency, May 2020 vs. May 2019, OR was down -47.3% to 35.8%, ADR decreased -40.2% to US$55.93 and RevPAR plummeted -68.5% to US$20.04.
35. Air Astana Reports H1 2015 Results
Air Astana increased its operating profit by 115% to US$23.9 million in the first half of 2015. Net profit was US$8.3 million, versus a loss of US$36.4 in the first half of 2014 (the result of a book loss following a local currency devaluation), whilst passenger numbers increased by 4% to 1.82 million. Total revenue was however lower by 9%. Commenting on the result, President and C
36. Hotels in Asia Pacific Experience Drop in ADR, OR and RevPAR
According to data compiled by STR Global, hotels in the Asia Pacific region in June 2015 experienced nearly flat performance in the three key performance metrics when reported in U.S. dollar constant currency. Compared to June 2014, hotels the Asia Pacific region reported a 0.2% decrease in occupancy to 66.2%, a 0.1% drop in ADR to US$102.32 and a 0.3% decline in RevPAR to US$67.70
37. Global Exchange Opens HKIA Outlets
Global Exchange, a multinational company that specialises in providing currency exchange services at international airports and other major tourist locations, has opened its first outlets in Asia at Hong Kong International Airport (HKIA).
38. Hotels in Asia Pacific Report May 2018 Increase in ADR, OR and RevPAR
In U.S. dollar constant currency, hotels in the Asia Pacific regional reported a May 2018 increase in Occupancy of 0.8% to 68.9%, growth of 1.1% in ADR to US$102.95 and a RevPAR increase of 1.9% to US$70.90. In Japan, Occupancy rose 0.6% to 83.2%, ADR smudged 0.1% higher to to JPY14,788.12 and RevPAR was up 0.7% to JPY12,304.41.
39. Hotels in APAC Report July 2016 Increase in Occupancy and RevPAR
According to July 2016 data from STR, hotels in the Asia Pacific region recorded mostly positive results in the three key performance metrics when reported in U.S. dollar constant currency. Bangkok, Thailand, reported increases in each of the three metrics: occupancy (+4.7% to 81.1%), ADR (+4.3% to THB3,264.95) and RevPAR (+9.2% to THB2,648.47). The market reported relatively low s
40. Hotels in Europe See Rise in ADR, OR and RevPAR in June 2015
According to June 2015 data compiled by STR Global, the hotels in Europe recorded positive results in the three key performance metrics when reported in Euro constant currency. Compared to June 2014, hotels in Europe reported a 4.5% increase in occupancy to 78.1%, a 5.5% increase in ADR to EUR122.10 and a 10.2% increase in RevPAR to EUR95.34.

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