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Hotel occupancy down across Asia

Hotel statistics released last week by Smith Travel Research indicated that Bangkok and Phuket were among the Asia-Pacific cities reporting the highest declines in occupancies and average room rates in June 2009 over June 2008. Of the four regional markets that reported occupancy decreases of more than 20%, Bangkok was ahead with a fall of -31.6% to 46.3%; Hong Kong (-24.8% to 59.7%); Phuket (-24.8% to 36.4%); and Osaka (-21.5% to 58.5%). Of the four Asia-Pacific markets with RevPAR (Revenue Per Available Room) decreases of more than 35%, New Delhi was first (-41.5% to US$80.31), followed by Bangkok (-41.3% to $41.64), Mumbai (-39.3% to $95.12); and Hong Kong (-36.2% to $88.91).

ThaiVest Editorial Team