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233. STR Reports Asia Pacific Hotel Results for February 2015
According to data compiled by STR Global, hotels in the Asia Pacific region experienced negative year-on-year results in the three key performance metrics during February 2015 when reported in U.S. dollars. The region’s occupancy for February fell 3.6% to 64.6%; ADR dropped 3.6% to US$117.64; and RevPAR decreased 7.0% to US$75.97.
234. Hotels in Asia Pacific Lead Global Occupancy Recovery
Hotels in Asia Pacific Lead Global Occupancy Recovery. According to data compiled by STR Global, hotels in the Asia Pacific region experienced increases in all three key performance metrics for January 2010 when reported in U.S. dollar. In year-on-year measurements, the Asia Pacific region's OR rose 13.9% to 61%, ADR increased 5.6% to US$130.75, and RevPAR jumped 20.3% to US$79.81.
235. STR Reports September 2014 Performance of Hotels in Dubai, London, Singapore and Sydney
STR Global has released its preliminary September 2014 data from hotels in Dubai, London, Singapore and Sydney STR’s preliminary September data for Dubai indicates negative RevPAR performance. Based on daily data from September, Dubai reported: increases in supply (+7.4%) and demand (+7.8%); a 0.3% increase in occupancy to 76.3%; a 4.0% decrease in ADR to AED671.87; and a 3.7% decl
236. Less Trade Fairs to Aggravate German Hotel Downturn
Less Trade Fairs to Aggravate German Hotel Downturn. According to MKG Hospitality’s market monitoring database, Hotel CompSet, Average Daily Rate (ADR) rose by 3.9% compared to 2007, whilst Occupancy Rate (OR) saw a slight reduction of 1.3 percentage points. Budget and Midscale chain hotels achieved the best results in 2008, both with a 3.1% increase in RevPAR, fuelled by a 6.2% an
237. Strong Q1 2012 for Australia’s Mantra Group
Australia’s Mantra Group has experienced a strong start to 2012 reporting a 5% increase in revenue and a 7% growth in RevPAR for the quarter (Jan-Mar) compared to the same period last year. Mantra Group CEO Bob East attributes the uplift in CBD hotels to increased activity in the mining sector and consistent leisure travel capitalising on major events and festivals which also resul
238. STR Reports State of European Hotel Industry
In the bottom 10 performing destinations in Europe, new supply in Preston (+11.1%) and in Hull (+ 4.4%), both in the U.K., led to double-digit decline in RevPAR performance. This decrease was mainly led by declining ADR in Preston to GBP47.11 (-5.5%) and in Hull to GBP44.60 (-9.3%) 12-MO.
239. New HotelBenchmark Survey shows Strong Increase in Asia Pacific Room Rates
New HotelBenchmark Survey shows Strong Increase in Asia Pacific Room Rates. Half year results from the HotelBenchmark Survey by Deloitte show that the hotel market in Asia Pacific is seeing much stronger growth this year than last. Room revenue per available room (revPAR) across the region is up 14.1% to US$97 – outperforming the 9.4% growth achieved in 2006. Improvements have been
240. Hotels in London Report 8.3% RevPAR Increase
According to STR Global’s preliminary December 2014 data, hotels in London enjoyed a positive performance during the month. Based on daily data from December, hotels in London reported: - increases in supply (+3.0 percent) and demand (+5.9 percent);

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