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STR: Central/South America hotel performance for September 2018

October 27, 2018 Hotel Trends No Comments Email Email

Hotels in the Central/South America region reported positive performance results during September 2018, according to data from STR.http://www.tourismthailand.org/landing/landing_en.html

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

Central/South America

  • Occupancy: +0.9% to 58.7%
  • Average daily rate (ADR): +11.2% to US$104.27
  • Revenue per available room (RevPAR): +12.2% to US$61.18

Local currency, September 2018 vs. September 2017

Lima, Peru

  • Occupancy: -9.9% to 68.5%
  • ADR: -13.2% to PEN442.62
  • RevPAR: -21.8% to PEN303.14

Occupancy in Lima decreased for the fifth consecutive month. STR analysts attribute performance declines to an influx of new supply (+7.2%) combined with a dip in demand (-3.5%).

Quito, Ecuador

  • Occupancy: +13.0% to 66.9%
  • ADR: +2.3% to US$97.94
  • RevPAR: +15.7% to US$65.54

Demand (room nights sold) increased 16.3% in the market. STR analysts note that an improved political situation in Ecuador has helped increase tourism. 

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