The latest STR Global Hotel Review shows Australia and Oceania are still performing ahead of every other Asia Pacific region in occupancy rates, ADR and RevPAR.
Year-to-date at the end of October 2018, Australia and Oceania hotels boasted occupancy rates of 75.5 percent, ARD of USD$154.16 (NZD225.57) and RevPAR of USD$116.47 (NZD170.42). The biggest increase is in RevPAR which increased 2.1 percent year-to-date.
Overall in the Asia Pacific region, October 2018 saw occupancy increase 1.6 percent over October 2017, ADR also increased by 1.5 percent and RevPAR shot up 3 percent. Australasia and Ocean hotels were 5.6 percent ahead of the Asia Pacific average in occupancy rates, $18.12 (USD) ahead in ADR, and $21.11 (USD) in RevPAR.
