Today’s roundup covers the Asia/Pacific region.
In year-over-year measurements, the Asia Pacific region"s occupancy ended the month virtually flat with a 0.2% decrease to 70.9%, its ADR fell 0.6% to US$135.51 and its RevPAR was down 0.8% to US$96.08.
The Asia Pacific hotel development pipeline is the largest among the world’s regions in October, comprising 1,697 hotels totaling 374,523 rooms, according to new data from STR Global.
In year-over-year measurements, the Asia/Pacific region’s occupancy fell 1.1 percent to 67.5 percent, its average daily rate rose 3.7 percent to US$140.44 and its revenue per available room was up 2.5 percent to US$94.74.
Growth at Starwood Hotels & Resorts" 210 Asia Pacific properties slowed dramatically in three months to September 30, with a revenue per available room (revPAR) growing at 4.3% for the period compared with 9.3% for the previous quarter.
In year-over-year measurements, the Asia/Pacific region’s occupancy ended the month virtually flat with a 0.1-percent decrease to 68.1 percent, its average daily rate rose 0.7-percent to US$139.49 and its revenue per available room was up 0.7 percent to US$95.01.
The US online sector is slowing rapidly and that means that the big US giants are going to turn their attention to Europe and Asia for new growth prospects.
This was the second consecutive month with a declining growth rate and heralds the impact of the various economic contagions across the globe. For the first five months of 2012, the average growth in international visitor arrivals into Asia Pacific destinations was 6% up year-on-year.
Asia Pacific’s hotel development pipeline in July comprised 1,641 hotels totalling 375,917 rooms.
The Asia Pacific hotel development pipeline comprises 1,625 hotels totaling 374,604 rooms.
As we mentioned earlier today, there"s a hotel boom happening in Asia right now. There"s so many to list, we"re giving you a sort of Magic Mike-type news brief. A little tease, and a little unveiling. It"s just a little show for now, but keep coming back and we"ll keep giving you a little more...detail.
The report shows the percentage of hotels with cheaper rates on their own brand site compared to their rates on other OTAs.
According to the survey conducted across key cities in seven Asia Pacific markets, an estimated 44 million people travel on family holidays every year – chalking up an annual spend of US$29 billion.
The Asia Pacific hotel development pipeline lead the world in May, comprising 1,613 hotels totaling 372,451 rooms, according to the latest data from STR Global.
The report shows the percentage of hotels with cheaper rates on their own brand site compared to their rates on other OTAs.
In year-over-year measurements, the Asia Pacific region"s occupancy increased 3.8% to 67.6%, its average daily rate increased 3.6% to US$145.01 and its revenue per available room was up 7.6% to US$98.07.
The Asia Pacific hotel development pipeline in April led the world’s regions at 1,591 hotels totaling 365,507 rooms, according to data from STR Global.
China: A surge in bank lending, an acceleration of industrial production, and improving retail sales may spur growth in the coming quarter. On the other hand, declining foreign direct investment suggests ongoing economic stress.
Hotels in the Asia/Pacific region experienced positive results in the three key performance metrics for March 2012 when reported in U.S. dollars, according to data compiled by STR Global.
The report shows the percentage of hotels with cheaper rates on their own brand site compared to their rates on other OTAs.
Asia Pacific and Europe topped the global pipeline in March according to the latest figures from STR Global.
In year-over-year measurements, the Asia/Pacific region’s occupancy increased 3.6 percent to 66.5 percent, its average daily rate increased 2.8 percent to US$145.92 and its revenue per available room was up 6.5 percent to US$97.08.
Asia Pacific, Middle East/Africa and Europe held the largest shares of the global hotel pipeline in February, according to STR Global.
The report shows the percentage of hotels with cheaper rates on their own brand site compared to their rates on other OTAs.
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