LONDON – Hotels in the Asia Pacific region reported positive year-over-year results in the three key performance metrics during November 2017, according to data from STR.

U.S. dollar constant currency, November 2017 vs. November 2016

Asia Pacific

  • Occupancy: +3.9% to 74.6%
  • Average daily rate (ADR): +2.8% to US$103.05
  • Revenue per available room (RevPAR): +6.8% to US$76.87

Local currency, November 2017 vs. November 2016

Thailand reported the highest RevPAR growth in the region (+16.6%). The absolute RevPAR level (THB2,973.29) was the highest RevPAR for any November on record in the country.

Indonesia was affected by the eruption of Mount Agung, resulting in a 2.2% decline in RevPAR. Occupancy in Bali fell 7.4%, which caused RevPAR to decline 8.3% for the month.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

Alex Anstett
Media & Communications Coordinator - STR
STR