Strong performance for Asia Pacific hotels
22 March 2001
The Asia Pacific was the best performing hotel market outside of America during 2000, a new survey says.
Hotels in the region saw a growth in revenue per available room (revpar) of more than nine per cent, according to the Arthur Anderson Hotel Industry Benchmark Survey released this week at the Hotel Industry Investment Conference in Singapore.
Increases in tourism and strong local economies caused significant occupancy growth over the previous year. Hong Kong saw the highest average occupancy rate of 82%, 6% higher than 1999.
In terms of revpar, Jakarta had the highest growth of 22% up to £20, with Kuala Lumpur a close second with a 21% growth up to £21.
