Hotels in the Central/South America region reported positive performance results during September 2018, according to data from STR.
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.
.jpg){kind=tracking}
