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- 1. ADR Increasing in New Zealand
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ADR Increasing in New Zealand. Nationwide, ADR has improved by 3% to NZ$138 in the first two months of 2011 despite a 2.1% fall in occupancy. Auckland and Queenstown improved their ADR year-to-February, reporting NZ$141 and NZ$155, respectively. Wellington, despite a continued drop in rate growth, still reported an ADR of NZ$146 and occupancy of 72 %.
- 2. STR Reports Asia Pacific Hotel Results for April 2013
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According to data compiled by STR Global, hotels in the Asia Pacific region experienced decreases in the three key performance metrics in April 2013 when reported in U.S. dollars. In April, the Asia Pacific region’s occupancy ended the month with a 0.5% decrease to 68.6%, ADR dropped 2.3% to US$127.20 and RevPAR was down 2.8% to US$87.22.
- 3. OR, ADR and RevPAR Decreases @ Hotels in India
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Among the hotel markets in India, Jaipur enjoyed the highest increase in YTD occupancy, rising 2.7% to 53.6%. Chennai (-7.8% to 60.5%) and Bangalore (-5.0% to 53.7%) reported the largest YTD occupancy decreases. ADR growth was strongest in Goa, rising 5.8% to INR6,187.82. Bangalore fell 9.7% in ADR to INR6,363.64, experiencing the largest decrease in that metric, followed by Delhi
- 4. Recovery Continues as Leisure Travel ADR Shows Positive Growth
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Recovery Continues as Leisure Travel ADR Shows Positive Growth. Leisure travel average daily rate (ADR) has shown positive growth for the first time globally since the recession hit, increasing just over +1%, according to July’s The Pegasus View from Pegasus Solutions. The monthly report, issued on the first anniversary of the inaugural The Pegasus View, draws data from billions of
- 5. Business Travel Recovery Indicated by Hotel Booking Volumes, Net Revenue and ADR
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Business Travel Recovery Indicated by Hotel Booking Volumes, Net Revenue and ADR. Globally, the GDS channel, which consists predominantly of business travel bookings, realized February 2010 bookings increases of +3.59%, a jump in net revenue of +2.96% and a rise in ADR of +0.95% over February 2009. North America returned strong performance on the booking front, surpassing February
- 6. Olympics Gives Hotels in London ADR and RevPAR Increases
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According to STR Global, hotels in London reported increases in ADR and RevPAR during the 2012 Olympic Games, which officially started on 27 July 2012 and ended 12 August 2012. Hoteliers across London reported average occupancy of 88.5% and ADR of £212.22. This represents an increase of 4.8% and 86.1%, respectively, compared to the same days the year prior.
- 7. China Hotel Industry Expected to Ride on Continued Bullish Economic Growth
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ADR levels in the country are recovering, and the national aggregate is now at approximately RMB 478. In 2010, key markets such as Shanghai, Hong Kong and Beijing witnessed ADR growth of 47%, 32% and 28% respectively; with the significant ADR growth in Shanghai largely credited to the Shanghai World Expo held from May to October 2010.. China Hotel Industry Expected to Ride on Conti
- 8. Singapore RevPAR Growth Led by Rate Increases
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In the Marina Bay area, RevPAR grew by 13.2% to Sin$277.46. The increase was led by ADR (+8.0%) growth year to June, while occupancy grew slightly less (+4.8%). During the six-month period, occupancy peaked in February (89.3%) as a result of additional demand growth, in part from the Airshow. ADR increased year to June by 8.0% to Sin$321.02. February 2012 recorded the highest ADR l
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