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STR: Asia Pacific hotel performance for November 2020

Author: Vicky Karantzavelou / Date: Wed, 12/23/2020 - 08:29
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The Asia Pacific hotel industry reported nearly flat performance levels compared with the previous month, according to November 2020 data from STR.

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) 

India

  • 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. 

South Korea

  • 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. 

ABOUT THE AUTHOR

Vicky Karantzavelou

Co-Founder & Chief Editor

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales. She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.