Asia Pacific hotel industry declines in March except Mumbai, Auckland and Osaka

Hotels in the Asia Pacific region experienced negative performance results during March 2014 when reported in U.S. dollars, according to data compiled by STR Global.

The region’s occupancy for March fell 0.7 percent to 69.2 percent; its average daily rate dropped 3.3 percent to US$120.63; and its revenue per available room decreased 3.9 percent to US$83.44.


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