Asia Pacific hotel performance for November 2017

LONDON – Hotels in the Asia Pacific region reported positive year-over-year results in the three key performance metrics during November 2017, according to data from STR.

U.S. dollar constant currency, November 2017 vs. November 2016
Asia Pacific

  • Occupancy: +3.9% to 74.6%
  • Average daily rate (ADR): +2.8% to US$103.05
  • Revenue per available room (RevPAR): +6.8% to US$76.87

Local currency, November 2017 vs. November 2016
Thailand reported the highest RevPAR growth in the region (+16.6%). The absolute RevPAR level (THB2,973.29) was the highest RevPAR for any November on record in the country.

Indonesia was affected by the eruption of Mount Agung, resulting in a 2.2% decline in RevPAR. Occupancy in Bali fell 7.4%, which caused RevPAR to decline 8.3% for the month.

 

Source: http://www.traveldailynews.asia/news/article/67054/str-asia-pacific-hotel-performance