Bangkok hotels fall fastest in Asia
Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly
Breaking Travel news reports that hotels in the Asia Pacific region reported double-digit decreases when reported in U.S. dollars for all three key performance metrics for April 2009, according to data compiled by STR Global. Bangkok, Thailand, reported the largest decrease in occupancy, which dropped 33.6% to 44.3%.
The Asia Pacific region’s occupancy dropped 14.3% to 59.2%; average daily rate declined 20.1% to US$117.10; and revenue per available room fell 31.5% to US$69.36.
“The Asia Pacific region, along with the Middle East, has come into a similar cyclical movement as Europe and North America – but there are a few highlights still,” said James Chappell, managing director of STR Global. “Bali, Indonesia, increased 21.5% in RevPAR (in local currency), and Seoul, South Korea, reported a 16.3% increase (in local currency) in the measure.”
Among the key markets, Seoul, South Korea, was the only market to report an increase in occupancy, which was up 10.5% to 83.3%.
Comments are closed.