India Reports Double-digit Growth in Occupancy and RevPAR for October: STR Global

By BW Hotelier ACCORDING TO October 2015 data compiled by STR Global, hotels in the Asia Pacific region experienced positive results in the three key performance metrics. Compared to October 2014, the Asia Pacific region reported a 0.8 per cent increase in occupancy to 71.7 per cent, a 1.7 per cent rise in average daily rate to USD 113.50 and a 2.6 per cent increase in RevPAR to USD 81.42. India reported double-digit growth in both occupancy (+15.0 per cent to 62.8 per cent) and RevPAR (+13.6 per cent to INR 3,683.91). ADR in the country dipped 1.2 per cent to INR 5,866.47. Performance for the month was driven by a 19.2 per cent spike in demand’the highest in the country since March 2010. Daily data indicates Tuesdays, Wednesdays and Thursdays as the main drivers of demand, which is now up 10.7 per cent year to date. GlobalHotelReviewCC_Media_October_2015