By BW Hotelier
ACCORDING TO Global Hotel Performance results for the Asia Pacific region for August 2015 by STR Global, Mumbai, India, saw double-digit growth in occupancy (+11.8 per cent to 72.7 per cent) and RevPAR (Revenue Per Available Room ) +10.4 per cent to Rs 4,864.69. ADR (Average Daily Rate) in the market dropped 1.2 per cent to Rs 6,688.11. Occupancy and RevPAR have increased year-over-year in Mumbai for each of the first eight months of 2015, and the 72.7 per cent occupancy level was an August record. Performance results in the market were affected positively as the India International Jewellery Show shifted from July in 2014 to August of 2015.
Hotels in the Asia Pacific region experienced positive results in the three key performance metrics when reported in US dollar constant currency. Compared to August 2014, the Asia Pacific region reported a 1.3 per cent increase in occupancy to 72.7 per cent, a 1 per cent rise in average daily rate to USD 109.21 and a 2.3 per cent increase in revenue per available room to USD 79.41.
Global Hotel Review_August 2015
ACCORDING TO Global Hotel Performance results for the Asia Pacific region for August 2015 by STR Global, Mumbai, India, saw double-digit growth in occupancy (+11.8 per cent to 72.7 per cent) and RevPAR (Revenue Per Available Room ) +10.4 per cent to Rs 4,864.69. ADR (Average Daily Rate) in the market dropped 1.2 per cent to Rs 6,688.11. Occupancy and RevPAR have increased year-over-year in Mumbai for each of the first eight months of 2015, and the 72.7 per cent occupancy level was an August record. Performance results in the market were affected positively as the India International Jewellery Show shifted from July in 2014 to August of 2015.
Hotels in the Asia Pacific region experienced positive results in the three key performance metrics when reported in US dollar constant currency. Compared to August 2014, the Asia Pacific region reported a 1.3 per cent increase in occupancy to 72.7 per cent, a 1 per cent rise in average daily rate to USD 109.21 and a 2.3 per cent increase in revenue per available room to USD 79.41.
Global Hotel Review_August 2015
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