Mostly Positive August 2014 Performance for Hotel Industry in Asia Pacific Region
Hotels in the Asia Pacific region experienced mostly positive results during August 2014 when reported in U.S. dollars, according to data compiled by STR Global.
In August 2014, the region's occupancy rose 1.1 percent to 72.6 percent; its average daily rate remained virtually flat, rising 0.3 percent to US$ 116.54; and its revenue per available room was up 1.4 percent to US$84.63.
"Performance was mixed across the region this month", said Elizabeth Winkle, managing director of STR Global. "India and Indonesia saw strong occupancy growth in August. Demand in India has continued to increase following the elections in April. After a period of uncertainty, the outlook is optimistic. After months of strong rate growth with declining occupancy, Indonesia reported an increase in occupancy (+8.1 percent), while rate continue to grow (+5.6 percent), when measured in local currency".
(Read more at: Htrends.com)