STR Global Posts Asia Pacific Performance Results for March 2010
In year-over-year measurements, the Asia/Pacific regions occupancy rose 13.7 percent to 67.6 percent, average daily rate increased 13.5 percent to US$130.56, and revenue per available room jumped 29.0 percent to US$88.22.
Hotels in the Asia/Pacific region experienced increases in all three key performance metrics for March 2010 when reported in U.S. dollars, according to data compiled by STR Global.
In year-over-year measurements, the Asia/Pacific region’s occupancy rose 13.7 percent to 67.6 percent, average daily rate increased 13.5 percent to US$130.56, and revenue per available room jumped 29.0 percent to US$88.22.
“The Asia/Pacific region is still leading the way in the global recovery”, said Elizabeth Randall, managing director of STR Global. “It has posted five consecutive months of occupancy, ADR and RevPAR increases, fueling a 23-percent RevPAR jump in the first quarter of 2010.”
Highlights from key market performers for March 2010: (year-over-year comparisons, all currency results in U.S. dollar)
•
