Global Travel Media » Blog Archive » STR: Mexico 2017 hotel performance

Home » Hotel Trends » Currently Reading:

STR: Mexico 2017 hotel performance

February 3, 2018 Hotel Trends No Comments Email Email

Mexico’s hotel industry reported positive year-over-year results in the three key performance metrics during 2017, according to data from STRhttp://www.tourismthailand.org/landing/landing_en.html

Compared with 2016:

  • Occupancy: +0.5% to 63.9%
  • Average daily rate (ADR): +6.0% to MXN2,323.31
  • Revenue per available room (RevPAR): +6.4% to MXN1,484.81

“The hotel industry closed 2017 with strong numbers once again despite safety and security warnings issued for several areas in Mexico and the September Earthquake in Mexico City,” said Fatima Thompson, STR’s associate director of business development, hotels. “Performance growth was definitely supported by healthier U.S. demand due to a weakened peso.”

Among the country’s key markets as defined by STR, Central Mexico posted the only double-digit jump in RevPAR (+10.5% to MXN911.84), due primarily to the largest increase in ADR (+8.8% to MXN1,516.59).

The Yucatan Peninsula experienced the largest occupancy increase (+2.1 % to 70.8%) for the year.

Three key markets saw negative occupancy performance: Mexico City (-2.8% to 67.6%),Northwest Mexico (-0.6% to 59.6%) and Northeast Mexico-Monterrey (-0.4% to 62.6%).

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