Thursday, August 27, 2009

STR Global posts July 2009 results for Asia/Pacific region

LONDON—Hotels in the Asia/Pacific region experienced decreases when reported in U.S. dollars for all three key performance metrics for July 2009, according to data compiled by STR Global.
In year-over-year measurements, the Asia/Pacific region’s occupancy dropped 6.3 percent to 61.7 percent; average daily rate declined 15.9 percent to US$113.20; and revenue per available room fell 21.2 percent to US$69.83.

Read more:
http://www.hotelnewsnow.com/articles.aspx?ArticleId=1778

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