Hotels in the Asia Pacific region recorded a marginal increase in revPAR (revenue per available room) in the first half of 2016, as a small decline in rates was offset by rising occupancy.
According to the latest data from STR, regional occupancy was 67.4% in the January-June 2016 period, up 1.4% year-on-year. But Asia Pacific’s average daily rate (ADR) dipped 0.4% to US$100.68, which limited revPAR growth to 0.9%, to US$67.82.
The best sub-regional performance came in Oceania, where rising occupancy and rates allowed revPAR to rise 4.3% to US$98.65. Northeast and Southeast Asia both experienced revPAR growth of 0.8%, to US$60.18 and US$75.70 respectively, but Central & South Asia – a region dominated by India – experienced a 1.0% decline in revPAR to US$69.93.
Asia Pacific’s actual revPAR remains the lowest of the four major global regions studied by STR; its US$67.82 in the first half of 2016 compares unfavourably to US$79.16 in the Americas, US$79.94 in Europe and US$92.87 in the Middle East & Africa. This is mainly due to the fact that countries in Asia Pacific have some of the world’s lowest rates.
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