Global Travel Media » Blog Archive » STR: Central/South America hotel performance for January 2018

Home » Hotel Trends » Currently Reading:

STR: Central/South America hotel performance for January 2018

March 3, 2018 Hotel Trends No Comments Email Email

Hotels in the Central/South America region reported growth across the three key performance metrics, according to January 2018 data from STR.http://www.lagunaphuket.com/foodandmusicfestival/

U.S. dollar constant currency, January 2018 vs. January 2017

Central/South America 

  • Occupancy: +7.7% to 56.2%
  • Average daily rate (ADR): +5.6% to US$106.24
  • Revenue per available room (RevPAR): +13.7% to US$59.74

Local currency, January 2018 vs. January 2017

Argentina

  • Occupancy: +7.4% to 58.2%
  • ADR: +24.7% to ARS2,259.51
  • RevPAR: +34.0% to ARS1,314.49

The absolute occupancy level was the highest for any January in Argentina since 2008. The month also was the fourth in a row with ADR growth above 20%. Significant year-over-year increases in room rates have remained consistent for several years due to inflation. Also helping performance is a lack of significant supply growth in the country.

Costa Rica

  • Occupancy: +5.9% to 77.3%
  • ADR: +18.4% to CRC101,098.66
  • RevPAR: +25.4% to CRC78,179.83

Occupancy reached its highest level for any January in STR’s Costa Rica database. STR analysts attribute the performance to a stable supply level and a positive economic outlook in the country.

Peru

  • Occupancy: +15.1% to 52.9%
  • ADR: -2.8% to PEN395.39
  • RevPAR: +11.9% to PEN209.03

The occupancy level was the highest for a January in Peru since 2013, while ADR dropped to its lowest point since 2014. While the occupancy figure was higher than the January average in the country, the year-over-year growth rate was boosted by a comparison with a low occupancy month in 2017.

Comment on this Article:







Time limit is exhausted. Please reload CAPTCHA.

Platinium Partnership

ADVERTISEMENTS

Elite Partnership Sponsors

ADVERTISEMENTS

Premier Partnership Sponsors

ADVERTISEMENTS

Official Media Event Partner

ADVERTISEMENTS

Global Travel media endorses the following travel publication

ADVERTISEMENTS

GLOBAL TRAVEL MEDIA VIDEOS

ADVERTISEMENTS