Retail in Asia

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Asia-Pacific hotels lead global recovery

Deloitte, the business advisory firm, has confirmed that Asia-Pacific is leading the recovery in global hotel performance, achieving the strongest revenue per available room (revPAR) growth during the first four months of 2010, up 24.1 percent to USD83.

Commenting on the recovery, Alex Kyriakidis, global managing partner of tourism, hospitality and leisure at Deloitte, said: "With an outlook of strong economic recovery for Asia-Pacific, hotel performance has benefited and revPAR is only USD14 short of levels achieved pre-recession, for the same period in 2008. The region is also leading growth in international tourist arrivals and passenger traffic, so if this trend continues, revPAR may push past the USD100 level at some point this year. If this happens, the region will be achieving the best performances it has ever achieved."

To view the full report, visit Deloitte.

(Source: Deloitte)