The performance of the hotel industry in Asia Pacific was nearly flat in June from a year earlier in terms of occupancy, average daily rates and revenue per available room. Performances dropped marginally in all three metrics.
Average occupancy across the region dropped by 0.2 percent from the same period a year earlier to 66.2 percent, according to numbers compiled by STR Global for June 2015. The average daily rate dropped 0.1 percent to US$102.32 and the revenue per available room dropped 0.3 percent to US$67.70.
The flat performances were visible when reported in US dollar terms and were likely exacerbated by the weak performance of local currencies in the region.
Some countries did better.
Australia, in particular, has been enjoying a period of growth. Hotels in the country enjoyed higher occupancy of 70.8 percent , an increase of 2.9 percent.
Demand this year has increased by 3.1 percent compared to a 1.6 percent increase in supply growth. At the same time, Australia has also experienced a 7.8 percent increase in group demand this year.
By contrast Indonesia saw an 18.6 percent decline in occupancy in June, in part due to government austerity measures.