Asia/Pacific hotel performance in Feb 2018

According to data from STR, parent company of HNN, hotels in the Asia/Pacific region reported mixed results in February 2018. Occupancy fell 1.8% to 67.1%, but average daily rate jumped 9.4% to $118.17, resulting in revenue per available room growth of 7.5% to $79.25.

South Korea’s occupancy dropped 13.1% to 58.2% while its ADR grew 3.3% to 153,177.72 South Korean won ($153.18), which resulted in RevPAR falling 10.2% to 89,196 South Korean won ($89.20).

In Thailand, hotel occupancy grew 3.9% to 88.9% and ADR jumped 4,619.38 Thai baht ($148.28), which combined to grow RevPAR by 19.1% to 4,106.80 baht ($131.83).