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Hotels in India register robust growth in occupancies in April 2015: STR Global

Hotels in India registered a robust growth of 8.8% growth in the month of April 2015 over the corresponding month last year. The occupancy in Indian hotels were 61.7% in April, 2015. Despite the occupancy growth, the average daily rate (ADR) declined 0.6% to Rs 5,400.37.

But at the same time RevPAR had shown an improvement of 8.1% to Rs 3,331. 14, according to the report. As per the STR report, National Capital Region Delhi (NCR Delhi) hotels have performed above the national average in occupancy to register 14.7% growth at 64.7 percent. Hotels in the Asia Pacific region experienced mixed year-over-year results in the three key performance metrics during April 2015 when reported in U.S. dollars, according to data compiled by STR Global. The region’s occupancy for April increased 1.6 percent to 69.6 percent.

However, the region’s average daily rate dropped 5.6 percent to US$109.77, and its revenue per available room decreased 4.1 percent to US$76.43. Among countries in the APAC region, hotel industry in Japan saw the largest increases in ADR (+14.3 percent to JPY14,598.76) and RevPAR (+17.4 percent to JPY12,277.33). Occupancy in the country also increased 2.7 percent to 84.1 percent. The devaluation of the Japanese Yen has made the country a more affordable destination, and inbound travel has increased in year-over-year comparisons.