Even in the competitive coastal California market, Pacifica Hotel Co. has found plenty of ways to shine.
The Asia Pacific hotel development pipeline comprises 1,625 hotels totaling 374,604 rooms.
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.
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.
Pan Pacific to launch 2nd serviced suites in Singapore.In addition, the company has appointed a Vice President, Serviced Suites to drive extended stay portfolio performance.
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.
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.
The February 2012 edition of the gives a near-term outlook for China, Japan, Malaysia, Taiwan, Vietnam.
In year-over-year measurements, the Asia/Pacific region’s occupancy ended the year virtually flat with a 0.2-percent increase to 66.8 percent, its average daily rate increased 9.5 percent to US$140.44 and its revenue per available room was up 9.8 percent to US$93.84.
In year-over-year measurements, the Asia/Pacific region’s occupancy increased 2.1 percent to 71.9 percent, its average daily rate increased 4.7 percent to US$143.08 and its revenue per available room was up 6.9 percent to US$102.89.
Starwood continues to widen its lead as the largest operator of four and five star hotels in Asia Pacific with plans to reach over 320 hotels by 2014.
LONDON—Hotels in the Asia/Pacific region experienced mostly positive results in the three key performance metrics during August 2011 when reported in U.S. dollars, according to data compiled by STR Global.
LONDON—Hotels in the Asia/Pacific region experienced mostly positive results in the three key performance metrics during August 2011 when reported in U.S. dollars, according to data compiled by STR Global.
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