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STR Global: Asia/Pacific results for June 2010
23 July 2010

Deloitte & Touche

LONDON -- Hotels in the Asia/Pacific region experienced increases in all three key performance metrics for June 2010 when reported in U.S. dollars, according to data compiled by STR Global.

In year-over-year measurements, the Asia/Pacific region’s occupancy rose 14.5 percent to 63.9 percent, average daily rate increased 10.8 percent to US$121.83, and revenue per available room jumped 27.0 percent to US$77.83.

“Asia Pacific and its sub regions were the winners of the regions across the first half of this year”, said Elizabeth Randall, managing director of STR Global. All its sub regions reported growth in all three performance indicators for the first six months driven by overall improving economic conditions and rising demand.

“The year-to-date demand (occupied rooms) was unsurprisingly up on year-to-date 2009 (+16 percent), but also was up on year-to-date 2008 (+2 percent) and just up on pre-crisis levels of the first six months of 2007 (+0.4 percent). With an overall steady increase of new supply, the recovered demand creates a solid base for the region to continue its RevPAR recovery for the rest of the year”.

Highlights from key market performers for June 2010: (year-over-year comparisons, all currency in U.S. dollars):

View Global hotel review for June 2010.

About STR Global
STR Global provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR Global is part of the STR family of companies and is proudly associated with STR, RRC Associates, STR Analytics, and HotelNewsNow.com. For more information, please visit www.strglobal.com.

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