November 2009 Performance of Hotels in Asia Pacific

According to data compiled by STR Global, hotels in the Asia Pacific region experienced increases when reported in U.S. dollars for all three key performance metrics for November 2009.

In year-over-year measurements, the Asia Pacific region’s occupancy grew by 2.2% to 68%, the average daily rate increased by 1.2% to US$129.46 and revenue per available room jumped 3.4% 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%. Looking at the first eleven months of this year, Australia and Oceania reported the lowest RevPAR declines (-15.2%) to US$90.07, which is partly due to exchange-rate fluctuations against the U.S. dollar. Central and South Asia reported the biggest year-to-date RevPAR declines (-36.3%) mainly due to India’s weakened performance.”

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