STR Global: Asia/Pac Results for November
Hotels in the Asia Pacific region reported mostly negative results in the three key performance metrics when reported in U.S. dollar constant currency, according to November 2015 data compiled by STR Global.
Compared to November 2014, the Asia Pacific region reported a 1.8% decrease in occupancy to 70.4%. Average daily rate remained nearly flat (+0.1% to US$110.91). Revenue per available room fell 1.8% to US$78.13.
(Read more at: HotelNewsNow.com)