“Flat” is the word Sarah Duignan, director of account management for STR Global, used to describe hotel performance across the Asia/Pacific region year to date through June.
Presenting global hotel performance at the 2015 Hotel Data Conference, Duignan shared data showing that compared to June 2014, the Asia/Pacific region reported a 0.2% decrease in occupancy to 66.2%, a 0.1% drop in average daily rate to $102.32 and a 0.3% decline in revenue per available room to $67.70. All data was reported in constant currency for U.S. dollars.
RevPAR “is flat and hovering on the point of decline,” Duignan said. Across the region RevPAR has been down year to date through June in Central & South Asia (-1.9%), Southeastern Asia (-2.8%) and Northeastern Asia (-0.8%). Australia and Oceania is the only area showing positive RevPAR growth, of 4.3%.
Read full article at: Hotel News Now