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Hotels in Asia Pacific record mixed results in September.
Tuesday, 10th November 2009
Source : HVS International
Overall, according to STR Global, hotels in Asia Pacific have recorded an average occupancy of 62.3% in September 2009, reflecting a 1.4-percentage-point growth from September 2008.

Average rates declined by 7.7% from the previous year to record US$123.72.

Among the key cities, Beijing recorded the highest occupancy growth at 18.8 percentage points, followed by Phuket (13.3 percentage points) and Sydney (10.5 percentage points).

In terms of average rate growth, Bali led the Asia Pacific cities by registering a 15.4% growth from the previous year to record US$130.64.

Tokyo and Osaka also witnessed double-digit average rate growth during the same period.

www.hvs.com
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