Asian hotels set to see more demand in 2012 by Cheap Flights Booker UK

Hotel sectors in key Asian destinations are set to see growth in occupancy rates and revenue per available room (RevPAR) in 2012, according to STR Global.

The market data provider predicted higher income for hotels in Sydney, Beijing, Hong Kong and Singapore following strong guest numbers last year, when all of the cities achieved occupancy rates of more than 80% with the exception of Beijing, which posted nearly 70%.

Supply of rooms is set to increase by between 1.1% and 2.5% across the destinations, while demand from travellers is expected to rise by up to 3.8%.

Hong Kong - which recorded occupancy levels of 84.5% in the 12 months to January this year - will see the highest number of new hotel rooms coming on to the market, according to STR Global.

Elizabeth Randall, the firm"s managing director, said: "Our forecast indicates that 2012 will be another positive year, with demand growing in Beijing (+3.8%), Hong Kong (+3.0%), Singapore (+1.7%) and Sydney (+2.3%)."


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