STR Global posts February 2009 results for Asia/Pacific region
Among the key markets, Seoul, South Korea, reported the largest occupancy increase in year-over-year measurements for February 2009, jumping 22.1 percent to 84.8 percent. Jakarta, Indonesia, reported the smallest decrease in occupancy (-3.0 percent to 64.8 percent). Phuket, Thailand, reported the largest occupancy decrease (-30.2 percent to 61.4 percent). Three markets increased in ADR: Tokyo, Japan (+5.4 percent to US$208.27); Bali, Indonesia (+2.6 percent to US$99.31); and Osaka, Japan (+1.5 percent to US$107.45). Ending the month with the smallest decreases in RevPAR were Tokyo (-8.8 percent to US$143.85) and Osaka (-6.2 percent to US$78.83). Three markets decreased more than 50 percent in RevPAR: Phuket (-53.8 percent to US$73.12); New Dehli, India (-53.3 percent to US$162.89); and Mumbai, India (-51.9 percent to US$126.79).
|Country||Occupancy||% change||ADR||% change||RevPAR||% change|
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Jeff Higley (STR)
VP, Digital Media & Communications
Phone: +1 (615) 824-8664 ext. 3318