from today's Hotel News Network (9/26):
Global regions show mixed results
26 September 2008 12:38 PM
HNN Newswire
"HENDERSONVILLE, Tennessee and LONDON—The global hotel industry recorded regionally mixed RevPAR results for the month of August 2008, according to data from STR and STR Global. August occupancies fell in every world region." ...
"The Middle East/Africa region ranked first in RevPAR growth among the regions. Regional RevPAR increased by 18.8 percent on 19.4 percent rate growth. Average daily rate in the region stood at US$144.53 and RevPAR at US$105.32. Middle East/Africa was not immune from occupancy declines. August occupancy was recorded at 72.9 percent, down 0.5 percent from 2007.
The Asia Pacific region also posted positive RevPAR growth for August 2008. RevPAR grew by 13.1 percent to finish the month at US$101.13. RevPAR growth in the region was led by strong rate growth. ADR increased 27.2 percent to end the month at US$155.72. However, occupancy fell 11.0 percent to finish at 64.9 percent. Asia Pacific led the world regions in both ADR growth and occupancy decline." ...
for the complete story with data on all regions
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