In May, hotel occupancy in Asia Pacific increased.

Hotels in the Asia Pacific region, according to STR Global, had a good month in May 2014. The region's occupancy increased 3.2 percent to 67.6 percent in May 2014; the average daily rate remained relatively unchanged at US$115.10; and revenue per available room increased 3.3 percent to US$77.80.

"The Philippines was one of the best performers in the region in terms of occupancy rise, growing 13.7 percent to 70.6 percent due to a 17.6 percent increase in demand," said Elizabeth Winkle, managing director of STR Global. "In May, Indonesia announced a positive rate increase of 10.7%. This is one of the largest rises in the country, with Jakarta leading the way with a 12.1 percent rise. Thailand's occupancy (-12.6 percent) and RevPAR (-10.2 percent) continue to fall, while ADR continues to rise. Singapore and Hong Kong have a history of following each other in terms of ADR development. Singapore has outperformed Hong Kong this year, with growth rates of 2.9 percent and 1.6 percent, respectively ".. real estate companies in qatar

Main market performers' highlights in local currency for May 2014 (year-over-year comparisons):

Three markets saw double-digit rises in occupancy: Shanghai, China (+11.4 percent to 73.9 percent), Manila, Philippines (+10.2 percent to 71.7 percent), and Seoul, South Korea (+10.2 percent to 80.3 percent) are among the cities with the highest growth rates.

Bangkok, Thailand, saw the highest fall in occupancy, dropping 18.1 percent to 53.9 percent.

The highest ADR growth was in Osaka, Japan (+16.5 percent to JPY12,944.47), and Jakarta, Indonesia (+12.1 percent to IDR1,163,781.87).

The ADR in Delhi-NCR, India, fell the most, dropping 9.6 percent to INR5,719.28.

Osaka (+19.6 percent to JPY10,975.97), Hong Kong (+16.7 percent to HKD1,507.91), and Shanghai (+16.4 percent to CNY465.43) all saw RevPAR growth of more than 15.0 percent.

Bangkok's RevPAR fell 16.8% to THB1,609.07, the most significant drop in that metric.

Main market performers' highlights in US dollars for May 2014 (year-over-year comparisons):

Osaka's ADR increased by 15.8 percent to US$127.29, making it the city with the highest rise in that metric. Seoul was next, with a 14.0% rise to US$207.43.

The only double-digit ADR decreases were in Delhi-NCR (-13.7 percent to US$96.85) and Bali, Indonesia (-11.0 percent to US$120.96).

Seoul (+25.6 percent to US$166.64), Osaka (+18.8 percent to US$107.93), Hong Kong (+16.9% to US$194.49), Shanghai (+16.6 percent to US$75.39), and Auckland, New Zealand (+15.3% to US$95.83) were the five markets with RevPAR growth of more than 15.0 percent.

Bangkok's RevPAR fell 23.5 percent to US$48.95, the biggest drop in the industry.

According to the May 2014 STR Global Construction Pipeline Survey, Asia Pacific's hotel market had 2,336 hotels Under Contract, totaling 521,017 rooms. Projects in the In Construction, Final Planning, and Planning stages are included in the Under Contract details, but projects in the unconfirmed stage are not.

With 9,028 rooms under construction in 37 hotels, Shanghai, China, has the most rooms under construction. Manila, Philippines (6,456 rooms in 21 hotels); Jakarta, Indonesia (6,152 rooms in 26 hotels); Chengdu, China (5,869 rooms in 22 hotels); Bali, Indonesia (5,798 rooms in 42 hotels); and Delhi-NCR, India all registered more than 5,000 rooms under construction (5,297 rooms in 28 hotels).