STR Global have reported hotels within the Asia
Pacific region experienced positive results during May this year. The region's
occupancy during the month grew by 3.2% to 67.6%; its daily average rate ended
the month virtually flat with a 0.1% increase to US$115.10; with its revenue
per available room increased by 3.3% to US$77.80.
The Philippines excelled by occupancy growth, increasing
from 13.7% to 70.6%, owing to an increased demand of 17.6%. Indonesia also
experienced positive growth rate during May, increasing by 10.7%. This is one
of the highest increases of the Asia Pacific, principally motivated by Jakarta,
increasing rates by 12.1%.
Highlights from significant market performers during
May in local currency (year-over-year comparisons):
