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STR: Central/South America hotel performance for October 2018

November 26, 2018 Hotel Trends No Comments Email Email

Hotels in the Central/South America region reported mixed performance results during October 2018, according to data from STR.http://www.germany.travel/en/index.html

U.S. dollar constant currency, October 2018 vs. October 2017
Central/South America

  • Occupancy: -1.6% to 59.2%
  • Average daily rate (ADR): +13.1% to US$109.56
  • Revenue per available room (RevPAR): +11.3% to US$64.91

Local currency, October 2018 vs. October 2017
Bogotá, Colombia 

  • Occupancy: -7.8% to 61.0%
  • ADR: +3.0% to COP272,088.72
  • RevPAR: -5.0% to COP166,049.20

The decline in occupancy came as supply (+4.4%) outpaced demand (-3.7%) for the third consecutive month. STR analysts note that occupancy and ADR levels were higher than usual during the Latin American and Caribbean Agriculture congress (23-26 October).
São Paulo

  • Occupancy: -5.2% to 64.2%
  • ADR: +4.5% to BRL362.61
  • RevPAR: -1.0% to BRL232.71

STR analysts attribute the mixed performance in São Paulo to corporate demand and group events being pushed to September to avoid the election period in October. 

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