Brisbane Leads in ADR Growth
In year-over-year measurements, the Asia/Pacific region’s occupancy rose 1.4% to 69.3%, average daily rate increased 13.9% to US$139.80 and revenue per available room jumped 15.4% to US$96.94.
Highlights from key Australian market performers for July 2011 in local currency (year-over-year comparisons):
• Brisbane reported the largest ADR increase, rising 37.2% to US$207.80, followed by Sydney with a 27.8% increase to US$190.79.
• None of the region’s key markets reported ADR decreases.
• Three markets achieved RevPAR increases of more than 40%: Bangkok (+48.5 % to US$65.69); Phuket (+47.4% to US$67.23); and Brisbane (+41.8% to US$180.33).
• Two markets experienced double-digit RevPAR decreases: Shanghai (-24.5 % to US$68.93) and New Delhi (-11.6 % to US$85.77).
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