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APAC posts increase in Occ & ATR.
Thursday, 1st July 2010
Source : HVS International
According to STR Global, hotels in the Asia Pacific region witnessed an increase in occupancy and average rate in May 2010.

Year-on-year, the Asia Pacific region's occupancy rose approximately 15 percentage points to around 63%, and ADR increased by about 9% to approximately US$126.

Shanghai experienced the largest occupancy increase, rising around 55 percentage points to about 72%, followed by Beijing, Hong Kong and Osaka.

Shanghai further reported the largest ADR increase, up approximately 29% to around US$143.

www.hvs.com
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