Positive Performance for Hotel Industry in Asia Pacific Region for November 2017
The Asia/Pacific hotel industry reported occupancy increased 3.9% year over year to 74.6%, ADR rose 2.8% to $103.05 and RevPAR jumped 6.8% to $76.87 during the month.
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
- 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.
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Categories: Market Reports