December 14, 2017
Hotelbeds targets 10,000 directly contracted properties in three years
The aim is to gain the best prices, under the best terms and conditions, for the group's 60,000 travel intermediary clients globally.Read more
According to the latest data from STR Global, the region’s hotels experienced a 3.5% decline in average daily rates (ADR) in the first two months of the year, from slightly above US$128 in 2013 to just US$123.87 in January and February 2014.
Elizabeth Winkle, managing director of STR Global, said the performance of hotels across the region varied significantly from market to market, and was impacted by a range of factors.
“Asia Pacific saw positive occupancy growth this month, primarily driven by Northeast Asia – and particularly China. The timing of the Chinese New Year positively impacted performance celebrations occurred in January and February, [but] Bangkok has been impacted by the political situation, so we are seeing a significant decline in occupancy. However, we have not seen a significant impact on the beach markets,” Ms Winkle said.
“The Australia and Oceania markets are hitting high occupancy levels, approximately 90%, including Auckland (91.2%), Sydney (90.1%) and Melbourne (86.0%),” she added.
Get the full story at Travel Daily Asia
Visit our sponsors: