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STR: Asia/Pacific hotel performance for November 2017

Category:Industry Key Words:Asia/Pacific hotel,hotel performance,STR Time:2018-01-18 09:40

 

Data from STR, parent company of HNN, shows the Asia/Pacific region reported positive year-over-year hotel performance for November 2017. Occupancy increased 3.9% to 74.6% and average daily rate grew 2.8% to $103.05, resulting in revenue per available room growth of 6.8% to $76.87.

In the region, Thailand reported the highest RevPAR growth at 16.6%, and the absolute RevPAR level of 2,973.29 Thai baht ($93.10) was the highest RevPAR for any November on record in the country. The eruption of Mount Agung resulted in a 2.2% decline in RevPAR in Indonesia.

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