SINGAPORE—Hotels in the Asia Pacific region reported mostly negative results in the three key performance metrics during November 2019, according to data from STR.
U.S. dollar constant currency, November 2019 vs. November 2018
Asia Pacific
- Occupancy: +0.5% to 72.5%
- Average daily rate (ADR): -2.2% to US$99.19
- Revenue per available room (RevPAR): -1.7% to US$71.95
Market Focus, Local Currency
Mumbai
- Occupancy: +16.1% to 85.4%
- Average daily rate (ADR): +4.3% to INR9,530.90
- Revenue per available room (RevPAR): +21.0% to INR8,141.73
The absolute occupancy level was the highest for a November in STR’s Mumbai database. STR analysts note that the calendar shift of the Diwali festival pushed more demand into November. The usual slowdown in corporate travel associated with the festival month occurred in October.
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About STR
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
STR’s sample comprises 67,000 hotels and 9.0 million hotel rooms around the globe. Contact media@str.com for additional market data.
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