The Asia/Pacific hotel industry reported occupancy decreased 25.8% to 53.5% in November as ADR fell 23.6% to $72.97 and RevPAR was down 43.3% to $39.02.
SINGAPORE—The Asia Pacific hotel industry reported nearly flat performance levels compared with the previous month, according to November 2020 data from STR.
U.S. dollar constant currency, November 2020 (percentage change from November 2019)
• Occupancy: 53.5% (-25.8%)
• Average daily rate (ADR): US$72.97 (-23.6%)
• Revenue per available room (RevPAR): US$39.02 (-43.3%)
The occupancy level was down slightly from October, while the ADR and RevPAR levels were up marginally.
Local currency, November 2020 (percentage change from November 2019)
• Occupancy: 36.4% (-50.0%)
• ADR: INR4,232.57 (-33.7%)
• RevPAR: INR1,540.21 (-66.8%)
The occupancy level was the highest for any month in India since February, while the ADR and RevPAR levels were the highest since March.
• Occupancy: 42.7% (-41.1%)
• ADR: KRW123,930.50 (-12.7%)
• RevPAR: KRW52,880.70 (-48.6%)
The occupancy and RevPAR levels were the highest in South Korea since August, while ADR decreased from the previous month.
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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.
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