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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 STR

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%).

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