Hotel revenues going down<\/p>\n
JAKARTA (JP): Revenue per available hotel room in both Jakarta
\nand Bangkok decreased over the past three years, while at the
\nsame time increasing in other Southeast Asian cities, a hotel
\nconsulting firm says.<\/p>\n
The Asia-Pacific Hotel Investment Monitor, a publication
\nissued by the Hong Kong-based PKF Consulting, said that PKF is
\nushering in a new measuring device for tracking hotel performance
\nin the region, called the Pacific Rim hotel index, or Paridex.<\/p>\n
By using the new tool, it found that rates in Indonesia
\ndeclined from US$91.38 in 1991 to $78.58 in 1992 and $71.01 last
\nyear.<\/p>\n
The publication, whose initial volume was made available here
\nyesterday, said that Paridex is designed to depict the
\nperformance of the hotel industry across the Pacific Rim.<\/p>\n
The publication showed that the figures for Bangkok decreased
\nfrom $66.45 in 1991 to $58.32 in 1992 and $50.45 in 1993.<\/p>\n
In Kuala Lumpur, the figure increased from $47.23 in 1991 to
\n$53.87 in 1992, but sank back to $50.35 last year.<\/p>\n
Singapore alone posted a steady increase from $75.27 in 1991
\nto $78.34 in 1992 and $81.34 in 1993.<\/p>\n
The report also noted that the hotel industries of Sydney and
\nMelbourne in Australia have declined for two or three years.<\/p>\n
It said \"the area of greatest current growth appears to be the
\nNortheast Asian sub-market. While Tokyo displays the greatest
\nParidex in the entire Pacific Rim, the Beijing market is showing
\nthe greatest relative rate of growth. Hong Kong and Taipei also
\ncame on strong in 1993.\" (icn)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/hotel-revenues-going-down-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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